Political Recklessness Quotes



If there would be free competition in banking as opposed to monopolies in each area, This is the first major history of banks written in the United States. At the time, there was hardly any competition amongst banks. Each bank had a do facto or official monopoly in its area. In many communities of America, this is still true, but competition in banking has reached almost all high density areas of the country.


Many in Congress were afraid of McCarthy as he would charge that anyone who criticized him was a Communist or Communist Sympathizer. Young John F. Kennedy was one of those who was intimidated into silence. Fulbright was one of the few who had the courage to take McCarthy on. Later, McCarthy was censured by the Senate and it afterwards it was revealed that he was a paranoid alcoholic but he did a tremendous amount of damage.


A group of conservative members of the House of Representatives were refusing to vote on raising the debt ceiling limit so the country would be able to pay for the expenses that Congress had previously authorized.