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
I would suggest to my honourable Friend that the foreign investor is at least as discouraged by high national debt for that, as all example shows, is the surest precursor of high taxation. — 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
