Extravagance, inefficiency, and waste are inherent in government, because nothing which government does is forced to meet the test of the market. Further, government does not even meet the internal criteria of rationality which the balance sheet and the profit and loss statement impose on every individual business enterprise. The power of government to pay for itself through taxes and deficits, and to force on people things which they do not really want, deprives government activity of any semblance of restraint.

p. 194, ; Cited in: Warren J. Samuels. The concepts of major business and labor organizations on the role of government in the economy, Volume 1. University of Wisconsin--Madison, 1957. p. 168 - The American Business Creed. 1956