Thoughts on Bastiat (with a nod to Keynes!)

Richard W. Fisher

No 99, Speeches and Essays from Federal Reserve Bank of Dallas

Abstract: Remarks at the Bastiat?Hoiles Prize Dinner, New York City, NY, November 12, 2011 ; \"As Bastiat wrote in the aftermath of the French Revolution of 1848, we are at risk of becoming a nation where 'the state is responsible for providing a living for everyone.' The reality is that even if this were desirable, which it is not, pliant fiscal authorities?Republican and Democrat?who have led us down this road for decades find themselves in a financial cul de sac; they have run out of enabling money.\"

Keywords: Debt; management (search for similar items in EconPapers)
Date: 2011
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