John C. Calhoun Quotes
Every increase of protective duties is necessarily followed, in the present condition of our country, by an expansion of the currency, which must continue to increase till the increased price of production, caused by the expansion, shall be equal to the duty imposed, when a new tariff will be required.
John C. Calhoun
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I guess I'd be put in the ID politics camp. But there is really nothing in the world-view of, say, Bernie Sanders I actually disagree with. I'd like a guaranteed income, single-payer health care, a stronger safety net, etc. The problem is the temptation to paper over historically fraught issues to achieve that is tempting.
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I don't think of the note in technical terms. I sing the emotion that I am feeling.
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Every increase of protective duties is necessarily followed, in the present condition of our country, by an expansion of the currency, which must continue to increase till the increased price of production, caused by the expansion, shall be equal to the duty imposed, when a new tariff will be required.
John C. Calhoun