If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars’ worth of something that might have been immediately consumed, but wasn’t. Garet Garrett Read Quote
If the great Government of the United States were a private corporation no bank would take its name on a piece of paper, because it has cynically repudiated the words engraved upon its bonds. Garet Garrett Read Quote
There was endless controversy as to whether the acts of the New Deal did actually move recovery or retard it, and nothing final could ever come of that bitter debate because it is forever impossible to prove what might have happened in place of what did. Garet Garrett Read Quote
This is the problem for which revolutionary theory has yet to find the right solution, if there is one. The difficulty is that the economic interests of the two classes are antagonistic. Garet Garrett Read Quote
To the revolutionary mind the American vista must have been almost as incredible as Genghis Khan’s first view of China – so rich, so soft, so unaware. Garet Garrett Read Quote
The New Deal was going to redistribute the national income according to ideals of social and economic justice. Garet Garrett Read Quote
Loyalty of the law-making power to the executive power was one of the dangers the political fathers foretold. Garet Garrett Read Quote
Lenin, the greatest theorist of them all, did not know what he was going to do after he had got the power. Garet Garrett Read Quote
