Almost 80 years later here we are having the same debate. It’s still a spending vs. non spending debate. Does the public sector provide anything for the private sector? Big government vs. small government. The government is potentially insolvent, etc, etc…..Those who ignore history are destined to repeat it….
Source: Chicago Tribune 1934 via Warren Mosler
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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