Aim Quote by H. L. Mencken
“The aim of New Deals is to exterminate the class of creditors and thrust all men into that of debtors. It is like trying to breedcattle with all cows and no bulls.”
About This Quote
New Deal policies invert creditor‑debtor roles, creating systemic imbalance.
In simple terms: Policies swap creditor power to debtors, causing imbalance.
Critically assess economic interventions.
Themes
Mood
Type
When to use this quote
- financial regulation
- historical analysis
- public debate
Key Concepts
Questions to Reflect On
- What are modern parallels?
- How can policy avoid such imbalance?
Historical context differs.