Friday, November 28, 2008

Financial meltdown

Late in the 18th century Mr. Ropke said it best:


"We need businessmen, farmers, and bankers who view the great questions of economic policy unprejudiced by their own immediate and short-run economic interests; trade-union leaders who realize that they share with the president of the national bank the responsibility for the country's currency, journalists who resist the temptation to flatter mass tastes or to succumb to political passions and court cheap success and instead guide public opinion with moderation, sound judgment, and a high sense of responsibility."

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