"The principle of laissez-faire may be safely trusted to in some things but in many more it is wholly inapplicable; and to appeal to it on all occasions savors more of the policy of a parrot than of a statesman or a philosopher."

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Source : "The Cambridge Economic History of Modern Britain". Book by Roderick Floud, Volume 1. p. 363, 2014.

John Ramsay McCulloch

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