financial solvency Quotes



This quote is misattributed to Keynes. The first recorded version of this was a 1986 presentation given by Gary Shilling, an influential financial advisor twice named Wall Street’s top economist in a poll conducted by Institutional Investor magazine, as reported by The Advertiser newspaper of Montgomery, Alabama. The next recorded evidence is a Forbes article by Shilling in February, 1993. See linked quote.


This was a fundamental principle of the Republican party in the middle of the 20th century. However, by the end of that century, Republican doctrine, with the support of the Military-Industrial Complex {641114}, had changed to place defense spending as the highest priority—so much so that the huge deficits created by the massive defense spending weakened the financial solvency that Eisenhower had warned that was more fundamental.