Mr. Gladstone's Doctrine which the Observer praised that every sane man has a moral Right to vote goes straight to universal suffrage which not even the most vehement Reformer has hitherto advocated. Moreover if every sane Man has that Right why does it not also belong to every sane woman Who is equally affected by Legislation and Taxation. The Truth is that a vote is not a Right but a Trust. All the Nation cannot by Possibility be brought together to vote and therefore a Selected few are appointed by Law to perform this Function for the Rest and the Publicity attached to the Performance of this Trust is a Security that it will be responsibly performed.
Henry Temple, 3rd Viscount PalmerstonRelated topics
affected doctrine few function law legislation man moral nation observer performance possibility publicity reformer rest right sane security straight suffrage taxation trust truth universal vote womanRelated quotes
Upon their casting vote depends the question whether Britain is to continue its honourable career as a pioneer in the path of human progress which, on the whole, it has pursued so nobly for generations, or whether it is in one leap to spring backward over 80 years and place itself on a level with the protectionist countries of the Continent of Europe, with their low wages, taxed food, fettered industries, and policy of international antagonisms, which interfere with prosperity and imperil the peace of the world. ... Free trade is at issue. ... I appeal fervently to Liberals not to walk straight into this booby trap set for them by the protectionists merely because it is decorated by the Union Jack.
David Lloyd George
It was a global depression, had many causes, the whole story requires you to look at the whole international system. But policy errors in United States, as well as abroad, did play an important role. And in particular as I said, the Federal Reserve failed in this first challenge in both parts of its mission. It did not use monetary policy aggressively to prevent deflation and the collapse in the economy, so it failed in its economic stability function. And it didn't adequately perform its function as lender of last resort allowing many bank failures and a resulting contraction in credit and also with the money supply. So, in that respect, again, the Fed did not fulfill its intended mission.
Ben Bernanke
Markets are institutions that exist to facilitate exchange, that is, they exist in order to reduce the cost of carrying out exchange transactions. In an economic theory which assumes that transaction costs are nonexistent. markets have no function to perform, and it seems perfectly reasonable to develop the theory of exchange by an elaborate analysis of individuals exchanging nuts for apples on the edge of the forest or some similar fanciful example. This analysis certainly shows why there is a gain from trade, but it fails to deal with the factors which determine how much trade there is or what goods are traded.
Ronald Coase
In this world laws are written for the lofty aim of "the common good" and then acted out in life on the basis of the common greed. In this world irrationality clings to man like his shadow so that the right things get done for the wrong reasons-afterwards, we dredge up the right reasons for justification. It is a world not of angels but of angles, where men speak of moral principles but act on power principles; a world where we are always moral and our enemies always immoral; a world where "reconciliation" means that when one side gets the power and the other side gets reconciled to it, then we have reconciliation.
Saul Alinsky
We live together, we act on, and react to, one another; but always and in all circumstances we are by ourselves. The martyrs go hand in hand into the arena; they are crucified alone. Embraced, the lovers desperately try to fuse their insulated ecstasies into a single self-transcendence; in vain. By its very nature every embodied spirit is doomed to suffer and enjoy in solitude. Sensations, feelings, insights, fancies - all these are private and, except through symbols and at second hand, incommunicable. We can pool information about experiences, but never the experiences themselves. From family to nation, every human group is a society of island universes.
Aldous Huxley
