Often mis-attributed to Abraham Lincoln,the following ten cannots were put forth by Rev. Boetcker. They had a profound effect on Margaret Thatcher.She is supposed to have carried a news-paper clipping of these 10 cannots in her now famous handbag.
- You cannot bring about prosperity by discouraging thrift.
- You cannot strengthen the weak by weakening the strong.
- You cannot help little men by tearing down big men.
- You cannot lift the wage earner by pulling down the wage payer.
- You cannot help the poor by destroying the rich.
- You cannot establish sound security on borrowed money.
- You cannot further the brotherhood of man by inciting class hatred.
- You cannot keep out of trouble by spending more than you earn.
- You cannot build character and courage by destroying men’s initiative and independence.
- And you cannot help men permanently by doing for them what they can and should do for themselves. Read more of this post
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“Demand side economic stimulus, either through monetary or fiscal policy, may be necessary for some countries in some periods but is not always the solution to downturns. When countries are in recessions characterized by low inflation, like the US and Europe, then demand side measures can work. If on the other hand slowing growth occurs alongside high inflation, exclusive reliance on demand-based measures cannot be the solution.”- Gita Gopinath
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