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Quotation of the Day…

Posted By Don Boudreaux On August 25, 2012 @ 8:44 am In History,Law | Comments Disabled

… is from page 229 of Amity Shlaes’s 2007 book, The Forgotten Man [1]:

At tea at his house the year before, [FDR's Secretary of Labor Frances] Perkins has sat beside Justice Harlan Stone, and he gave her a tip.  She had confided her fears that any great social insurance system would be rejected by his court.  Not so, he said, and whispered back the solution: “The taxing power of the federal government my dear; the taxing power is sufficient for everything you want and need.”  If the Social Security Act was formulated as a tax, and not government insurance, it could get through.

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