The History Of Government Management Of Money

We Did Not Realise How Fragile Our Civilisation Was.

Nowhere Has Democracy Ever Worked Well Without A Great Measure Of Local Self-government, Providing A School Of Political Training For The People At Large As Much As For Their Future Leaders.

At A Time When Most Movements That Are Thought To Be Progressive Advocate Further Encroachments On Individual Liberty, Those Who Cherish Freedom Are Likely To Expend Their Energies In Opposition. In This They Find Themselves Much Of The Time On The Same Side As Those Who Habitually Resist Change.

In No Other Field Has The World Yet Paid So Dearly For The Abandonment Of Nineteenth-century Liberalism As In The Field Where The Retreat Began: In International Relations. Yet Only A Small Part Of The Lesson Which Experience Ought To Have Taught Us Has Been Learned.

If The Resources Of Different Nations Are Treated As Exclusive Properties Of These Nations As Wholes, If International Economic Relations, Instead Of Being Relations Between Individuals, Become Increasingly Relations Between Whole Nations Organized As Trading Bodies, They Inevitably Become The Source Of Friction And Envy Between Whole Nations.