Corporations Quote by Garet Garrett
“If the great Government of the United States were a private corporation no bank would take its name on a piece of paper, because it has cynically repudiated the words engraved upon its bonds.”
About This Quote
Source Speech: Economic Commentary, 1930s, United States
The government has abandoned its own promises, making its debt unreliable like a corporation that would not sign its own paper.
In simple terms: Government broke its promises, making debt untrustworthy.
Key Takeaway
Demand accountability for public debt.
Themes
politics
economics
trust
accountability
government
finance
Mood
skeptical
critical
concerned
Type
political
analytical
cautionary
When to use this quote
- budget negotiations
- public policy debates
- citizen activism
- financial market analysis
- legislative oversight
Key Concepts
public debt
credibility
contractual obligation
political rhetoric
Questions to Reflect On
- How can citizens enforce fiscal honesty?
- What mechanisms ensure government accountability?
A Different Perspective
Even if the government fails, markets may still honor its obligations.
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