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Uncommon Sense

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Tag: R. H. Tawney

Government borrowing

Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans.

Author Greg RavenPosted on August 15, 2012November 1, 2018Format QuoteCategories debt, economicsTags R. H. Tawney

“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides.” — Thomas Paine

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