The prudent capitalist will never adventure his capital . . . if there exists a state of uncertainty as to whether the Government will repeal tomorrow what it has enacted today.
About this quote
- What does it mean?
- Investors will not put money into uncertain markets where laws change unpredictably.
- In plain terms
- Capitalists avoid investing if rules might change suddenly.
- What can you take from it?
- Economic stability requires consistent government policy.
Where it applies
Putting it to work
Questions to consider
- How much change is acceptable for markets?
- What creates economic uncertainty?
Another view
Sometimes government must adapt laws to new realities.
More from William Henry Harrison
The people are the best guardians of their own rights and it is the duty of their executive to abstain from interfering in or thwarting the sacred exercise of …
Permalink to quote #7 There is nothing more corrupting, nothing more destructive of the noblest and finest feelings of our nature, than the exercise of unlimited power.
Permalink to quote #9 The only legitimate right to govern is an express grant of power from the governed
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