Contra Raghu Rajan: Economic Stimulus Has Not Failed, It Has Not Been Tried (on a Large Enough Scale)

Voltaire: The Presbyterians https://oll.libertyfund.org/titles/voltaire-the-works-of-voltaire-vol-xix-philosophical-letters: 'Though the Episcopal and Presbyterian sects are the two prevailing ones in Great Britain, yet all others are very welcome to come and settle in it, and they live very sociably together, though most of their preachers hate one another almost as cordially as a Jansenist damns a Jesuit. Take a view of the Royal Exchange in London, a place more venerable than many courts of justice, where the representatives of all nations meet for the benefit of mankind. There the Jew, the Mahometan, and the Christian transact business together, as though they were all of the same religion, and give the name of Infidels to none but bankrupts; there the Presbyterian confides in the Anabaptist, and the Churchman depends upon the Quaker’s word. At the breaking up of this pacific and free assembly, some withdraw to the synagogue, and others to take a glass. This man goes and is baptized in a great tub, in the name of the Father, Son, and Holy Ghost; that man has his son’s foreskin cut off, and causes a set of Hebrew words—to the meaning of which he himself is an utter stranger—to be mumbled over the infant; others retire to their churches, and there wait the inspiration of heaven with their hats on; and all are satisfied. If one religion only were allowed in England, the government would very possibly become arbitrary; if there were but two, the people would cut one another’s throats; but, as there is such a multitude, they all live happy, and in peace...


#noted #notebookecon135 #notebookslouching #2019-10-29

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