Loyalty of the law-making power to the executive power was one of the dangers the political fathers foretold.
From Garet Garrett
The New Deal was going to redistribute the national income according to ideals of social and economic justice.
The New Deal's enmity for that system of free and competitive private enterprise which we call capitalism was fundamental.
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.
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.
The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it on purpose to debase the value of its own paper currency was one to astonish the world.
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.
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