Edmund Burke Quotes
If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed.
Burke, Edmund. Two Letters Addressed to a Member of the Present Parliament, on the Proposals for Peace with the Regicide Directory of France. F. and C. Rivington, 1796.
He was expressing his cynicism about deficit spending leading affluence. However, those who advocate government counter-cyclical spending have never advocated constant deficit spending, but have urged deficit spending for specific periods and when the economy has turned around, stopping the spending and reducing the deficit.
Edmund Burke was an Irish statesman, economist, and philosopher. Born in Dublin, Burke served as a member of parliament (MP) between 1766 and 1794 in the House of Commons of Great Britain with the Whig Party after moving to London in 1750.