Author Topic: For the interests of the well-to-do  (Read 388 times)

meiroy

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For the interests of the well-to-do
« on: February 22, 2019, 10:40:00 PM »

"It is for the interests of the well-to-do to protect them from the results of their own folly that we should take from them a sufficient amount of their surplus to enable consumers to consume and business to operate at a profit. This is not 'soaking the rich'; it is saving the rich. Incidentally, it is the only way to assure them the serenity and security which they do not have at the present moment." - Mariner Eccles, 1933 (h/t Pettis)