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Thoughts on Bastiat (with a nod to Keynes!)

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  • Richard W. Fisher

Abstract

Remarks at the Bastiat?Hoiles Prize Dinner, New York City, NY, November 12, 2011 ; \"As Bastiat wrote in the aftermath of the French Revolution of 1848, we are at risk of becoming a nation where 'the state is responsible for providing a living for everyone.' The reality is that even if this were desirable, which it is not, pliant fiscal authorities?Republican and Democrat?who have led us down this road for decades find themselves in a financial cul de sac; they have run out of enabling money.\"

Suggested Citation

  • Richard W. Fisher, 2011. "Thoughts on Bastiat (with a nod to Keynes!)," Speeches and Essays 99, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddsp:99
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    File URL: http://www.dallasfed.org/news/speeches/fisher/2011/fs111102.cfm
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    Keywords

    Debt management;

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