“No more important development has taken place in the last year than the beginning of a restoration of agriculture to a prosperous condition. We must permit no division of classes in this country, with one occupation striving to secure advantage over another. Each must proceed under open opportunities and with a fair prospect of economic equality. The Government can not successfully insure prosperity or fix prices by legislative fiat. Every business has its risk and its times of depression. It is well known that in the long run there will be a more even prosperity and a more satisfactory range of prices under the natural working out of economic laws than when the Government undertakes the artificial support of markets and industries. Still we can so order our affairs, so protect our own people from foreign competition, so arrange our national finances, so administer our monetary system, so provide for the extension of credits, so improve methods of distribution, as to provide a better working machinery for the transaction of the business of the Nation with the least possible friction and loss. The Government has been constantly increasing its efforts in these directions for the relief and permanent establishment of agriculture on a sound and equal basis with other business.”

— Calvin Coolidge

1920s, Second State of the Union Address (1924)

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Calvin Coolidge 412

American politician, 30th president of the United States (i… 1872–1933

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“The Republican party is a party of progress and of liberality toward its opponents. It encourages the poor to strive to better their children, to enable them to compete successfully with their more fortunate associates, and, in fine, it secures an entire equality before the law of every citizen, no matter what his race, nationality, or previous condition. It tolerates no privileged class. Every one has the opportunity to make himself all he is capable of.”

Ulysses S. Grant (1822–1885) 18th President of the United States

Ulysses S. Grant, as quoted in Words of Our Hero, Ulysses S. Grant https://books.google.com/books?id=wqJBAAAAYAAJ&pg=PA48&lpg=PA48&dq=%22the+one+thing+i+never+wanted+to+see+again+was+a+military+parade%22&source=bl&ots=zH525oYpJn&sig=ACfU3U0GLPNgij-FmXIDwgWp_Kg8zDskWg&hl=en&sa=X&ved=2ahUKEwj4uc7PzKniAhUq1lkKHWhlBfQQ6AEwBXoECAUQAQ#v=onepage&q=%22the%20one%20thing%20i%20never%20wanted%20to%20see%20again%20was%20a%20military%20parade%22&f=false, by Jeremiah Chaplin, p. 59
1880s, Speech at Warren, Ohio (1880)

“Social and economic inequalities are to satisfy two conditions: first, they are to be attached to positions and offices open to all under conditions of fair equality of opportunity; and second, they are to be to the greatest benefit to the least-advantaged members of society.”

John Rawls book Political Liberalism

Source: Political Liberalism (1993), p. 6

“No one contemplating the present position and looking back at the whole series of vicissitudes which has beset the British economy throughout the past 20 years can find the prospect other than very difficult at present. But I believe that there is also a great opportunity at present. There is certainly no quick, easy road to prosperity for this country, but the changes which must be made are fairly marginal. They must be made with absolute determination, but if they are so made, and accepted by the people, the whole outlook can change. The Government can only provide the right framework. Unless they do that, our national energies will be misdirected, but once they have done it the opportunities for export and growth and efficiency must be seized by everyone. There will still be two years of hard slog ahead. But at the end of it we could have a more securely-based prosperity than we have known for a generation.”

Roy Jenkins (1920–2003) British politician, historian and writer

Speech http://hansard.millbanksystems.com/commons/1968/jan/17/public-expenditure in the House of Commons as Chancellor of the Exchequer (17 January 1968)
1960s

“A decrease in the world supply of wheat has resulted in a very large increase in the price of that commodity. The position of all agricultural products indicates a better balanced supply, but we can not yet conclude that agriculture is recovered from the effects of the war period or that it is permanently on a prosperous basis. The cattle industry has not yet recovered and in some sections has been suffering from dry weather. Every effort must be made both by Government activity and by private agencies to restore and maintain agriculture to a complete normal relationship with other industries.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

“No country can afford to have its prosperity originated by a small controlling class.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

Section I: “The Old Order Changeth”, p. 17 http://books.google.com/books?id=MW8SAAAAIAAJ&pg=PA17&dq=%22No+country+can+afford%22
1910s, The New Freedom (1913)
Context: No country can afford to have its prosperity originated by a small controlling class. The treasury of America lies in those ambitions, those energies, that cannot be restricted to a special favored class. It depends upon the inventions of unknown men, upon the originations of unknown men, upon the ambitions of unknown men. Every country is renewed out of the ranks of the unknown, not out of the ranks of those already famous and powerful and in control.

“Despite its flaws, Peddling Prosperity has much to recommend it. There is no book written for a lay audience that explains the economics profession with more perception or clarity than this one.”

N. Gregory Mankiw (1958) American economist

N. Gregory Mankiw, Review of Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations by Paul Krugman, Journal of Economic Literature (Dec., 1995)
1990s

“The present estimated margin between public receipts and expenditures for this fiscal year is very small. Perhaps the most important work that this session of the Congress can do is to continue a policy of economy and further reduce the cost of government, in order that we may have a reduction of taxes for the next fiscal year. Nothing is more likely to produce that public confidence which is the forerunner and the mainstay of prosperity, encourage and enlarge business opportunity with ample opportunity for employment at good wages, provide a larger market for agricultural products, and put our country in a stronger position to be able to meet the world competition in trade, than a continuing policy of economy. Of course necessary costs must be met, proper functions of the Government performed, and constant investments for capital account and reproductive effort must be carried on by our various departments. But the people must know that their Government is placing upon them no unnecessary burden.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

“No one, I think, can deny that the depression of the agricultural interest is excessive. Though I can recall periods of suffering, none of them have ever equalled the present in its instances. ... [N]or is it open to doubt that foreign competition has exercised a most injurious influence on the agricultural interests of the country. The country, however, was perfectly warned that if we made a great revolution in our industrial system, that was one of the consequences that would accrue. I may mention that the great result of the returns we possess is this, that the immense importations of foreign agricultural produce have been vastly in excess of what the increased demands of our population actually require, and that is why the low prices are maintained...That is to a great degree the cause of this depression.”

Benjamin Disraeli (1804–1881) British Conservative politician, writer, aristocrat and Prime Minister

Source: Speech in the House of Lords on the agricultural depression (28 March 1879), reported in The Times (29 March 1879), p. 8

“No one, I think, can deny that the depression of the agricultural interest is excessive. Though I can recall periods of suffering, none of them have ever equalled the present in its instances. … the agricultural interest is suffering from a succession of bad harvest, accompanied, for the first time, by extremely low prices. That is a remarkable circumstance that has never before occurred—a combination that has never before been encountered. In old days, when we had a bad harvest we had also the somewhat dismal compensation of higher prices; but now, when the harvests are bad the prices are lower rather than higher…nor is it open to doubt that foreign competition has exercised a most injurious influence on the agricultural interests of the country. The country, however, was perfectly warned that if we made a great revolution in our industrial system, that was one of the consequences that would accrue. I may mention that the great result of the returns we possess is this, that the immense importations of foreign agricultural produce have been vastly in excess of what the increased demands of our population actually require, and that is why the low prices are maintained…That is to a great degree the cause of this depression.”

Benjamin Disraeli (1804–1881) British Conservative politician, writer, aristocrat and Prime Minister

Speech in the House of Lords on the state of agriculture (28 March 1879), reported in The Times (29 March 1879), p. 8.
1870s

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