The Chancellor of the Exchequer should boldly uphold economy in detail; and it is the mark of a chicken-hearted Chancellor when he shrinks from upholding economy in detail, when because it is a question of only two or three thousand pounds, he says it is no matter. He is ridiculed, no doubt, for what is called candle-ends and cheese-parings, but he is not worth his salt if he is not ready to save what are meant by candle-ends and cheese-parings in the cause of the country. No Chancellor of the Exchequer is worth his salt who makes his own popularity either his consideration, or any consideration at all, in administering the public purse. In my opinion, the Chancellor of the Exchequer is the trusted and confidential steward of the public. He is under a sacred obligation with regard to all that he consents to spend.
About this quote
- What does it mean?
- A chancellor must save small amounts and avoid popularity contests to remain a trustworthy steward of public money.
- In plain terms
- Save every penny and ignore votes to protect the country's funds.
- What can you take from it?
- Public officials must prioritize fiscal duty over popularity.
Where it applies
Putting it to work
Questions to consider
- Should leaders ignore popularity for fiscal duty?
- Are small savings worth the effort?
Another view
Focusing on small savings can sometimes distract from larger structural economic issues.
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