Speech

Thoughts on Bastiat (with a nod to Keynes!)

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;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2011

Number: 99