Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe… — John James Cowperthwaite Copy Share Image
The fact that previous generations have handed down to us a substantial public heritage by way of roads, port, etc. almost completely free of debt, seems to me to impose some limitation on the validity of the theory that by… — John James Cowperthwaite Copy Share Image
We enjoy a considerable net inflow of capital and I am sure that a condition of its coming, and staying, is that it is… — John James Cowperthwaite Copy Share Image
I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even… — John James Cowperthwaite Copy Share Image
What gives me concern in so much of the comment is the implication that the people of Hong Kong have to be given a… — John James Cowperthwaite Copy Share Image
If people want consultative government, the price is increased complexity and delay in arriving at decisions. If they want speed of government, then they… — John James Cowperthwaite Copy Share Image
I am afraid that I do not believe that any body of men can have enough knowledge of the past, the present and the… — John James Cowperthwaite Copy Share Image
I hold that two principles are important; first that there should be a steady expansion of public services, not an irregular one related to… — John James Cowperthwaite Copy Share Image
I am also, I must confess, a little sceptical of the theory that we have a right, if we could, to pass on our… — John James Cowperthwaite Copy Share Image
A glimmer of light is better than no illumination at all. — John James Cowperthwaite Copy Share Image
Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down… — John James Cowperthwaite Copy Share Image
I am confident, however old-fashioned this may sound, that funds left in the hands of the public will come into the Exchequer with interest… — John James Cowperthwaite Copy Share Image
Revenue has increased in this way is in no small measure, I am convinced, due to our low tax policy which has helped to… — John James Cowperthwaite Copy Share Image
Over a wide field of our economy it is still the better course to rely on the nineteenth century's "hidden hand" than to thrust… — John James Cowperthwaite Copy Share Image
