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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.” quote by H. L. Mencken
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“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.”

H. L. Mencken

About This Quote

New Deal policies invert creditor‑debtor roles, creating systemic imbalance.

In simple terms: Policies swap creditor power to debtors, causing imbalance.

Key Takeaway

Critically assess economic interventions.

Themes

economics policy power dynamics

Mood

skeptical analytical

Type

political historical

When to use this quote

  • financial regulation
  • historical analysis
  • public debate

Key Concepts

debt cycles creditor rights

Questions to Reflect On

  • What are modern parallels?
  • How can policy avoid such imbalance?
A Different Perspective

Historical context differs.

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