Lost... was the crucial fact that the federal government had established an underlying policy to make... services available to all at reasonable pric… - David Cay Johnston

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Lost... was the crucial fact that the federal government had established an underlying policy to make... services available to all at reasonable prices.

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About David Cay Johnston

(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).

Also Known As

Birth Name: David Cay Boyle Johnston
Alternative Names: DC Report
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Additional quotes by David Cay Johnston

[B]usiness has been regulated throughout history. ...[I]n the past four decades, we have forgotten the tried and tested (and therefore profoundly conservative) principles of business developed over thousands of years. ...[O]ur wealth... well being and... freedom are being diminished daily.

This practice of borrowing is a practice that in the long run will make us less wealthy. The practice of spending money we don't have inherently, in the long run, has to make you less wealthy, unless you're spending it for things that add value to your society. So if you're borrowing to build... the Erie Canal, the Interstate Highway system, to educate young people so that their productive minds will make more value in the future, you're making an investment in the future. That's not what we're doing with our borrowing. We're... simply spending money we don't have today... transferring enormous amounts of money to big corporations and wealthy individuals.

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Conservatism... means we take the things that we know work and we keep... and maintain them. ...[I]f you want to try something new... you're careful... you're cautious... you're skeptical of it. If it turns out it works we'll try incorporating that, but we have a great skepticism about doing that. Well, that's not what we got. We got radical ideas that no one else in the world is doing. ...[T]hese other countries are having fewer problems, and their middle class is better off, because they didn't do these radical things. They were in fact, conservative. Now the things they did, we might view as liberal, but they were conservative in hanging on to those things.

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