Dependency Issues Quotes



During the Potato Famine in Ireland his philosophy led him to do little or nothing while over a million Irish starved. The philosophy was later echoed by American President Herbert Hoover during the Great Depression except that the situation was not so bad, and a much smaller percentage of the population was starving. The moral hazard question is still argued whenever welfare, unemployment insurance and social safety nets are politically debated, moral hazard is still an issue. Trevelyan was at an extreme, inhumane posture on this point, with Hoover about in the center for his time, but the Potato Famine and the Great Depression changed Ireland, England, the United States and most of the rest of the world, and now the debate is to the extent of the welfare and methods of ameliorating the moral hazard.