Margaret Schaut

One more conservative viewpoint on the world at large.

A Quick and Thorough Course in Economics

Now, perhaps you recognize where this quote comes from?

” 29. Every kind of loan proves infirmity in the State and a want of understanding of the rights of the State. Loans hang like a sword of Damocles over the heads of rulers, who, instead of taking from their subjects by a temporary tax, come begging with outstretched palm of our bankers. Foreign loans are leeches which there is no possibility of removing from the body of the State until they fall off of themselves or the State flings them off. But the GOY States do not tear them off; they go on in persisting in putting more on to themselves so that they must inevitably perish, drained by voluntary blood-letting.”


1 Comment»

  A Quick and Thorough Course in Economics | Quick Work wrote @

[…] Robert Speel wrote an interesting post today onHere’s a quick excerptAn interesting and thorough course in economics- a must see if you want to understand clearly the problems with our current economic system that the politicians WANT and NEED to keep in place. […]

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