William Graham Sumner - Policy Quotes

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We live in a war of two antagonistic ethical philosophies, the ethical policy taught in the books and schools, and the success policy.

William Graham Sumner

Any prosperity policy is a delusion and a path to ruin. There is no economic lesson which the people of the United States need to take to heart more than that. In the second place the Spanish mistakes arose, in part, from confusing the public treasury with the national wealth.

William Graham Sumner