I largely agree with those that hold that Government should not in general interfere with the course of the economy merely on the strength of its own commercial judgment. If we cannot rely on the judgment of individual businessmen, taking their own risks, we have no future anyway.
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March 24, 1966, page 215.John James Cowperthwaite
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I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.
John James Cowperthwaite
For of those to whom much is given, much is required. And when at some future date the high court of history sits in judgment on each of us—recording whether in our brief span of service we fulfilled our responsibilities to the state—our success or failure, in whatever office we hold, will be measured by the answers to four questions:
First, were we truly men of courage—with the courage to stand up to one’s enemies—and the courage to stand up, when necessary, to one’s associates—the courage to resist public pressure, as well as private greed?
Secondly, were we truly men of judgment—with perceptive judgment of the future as well as the past—of our mistakes as well as the mistakes of others—with enough wisdom to know what we did not know and enough candor to admit it?
Third, were we truly men of integrity—men who never ran out on either the principles in which we believed or the men who believed in us—men whom neither financial gain nor political ambition could ever divert from the fulfillment of our sacred trust?
Finally, were we truly men of dedication—with an honor mortgaged to no single individual or group, and comprised of no private obligation or aim, but devoted solely to serving the public good and the national interest?
Courage—judgment—integrity—dedication—these are the historic qualities … which, with God’s help … will characterize our Government’s conduct in the 4 stormy years that lie ahead.John F. Kennedy
One of the fundamental points about religious humility is you say you don't know about the ultimate judgment. It's beyond your judgment. And if you equate God's judgment with your judgment, you have a wrong religion.
Reinhold Niebuhr
What mystifies me is how he or any one else can determine what is a desirable type of industry such as should qualify for special assistance of this kind. In my own simple way I should have thought that a desirable industry was, almost by definition, one which could establish itself and thrive without special assistance in ordinary market conditions. Anything else suggests a degree of omniscience which I, at least, am not prepared to credit even the most expert with. I trust the commercial judgment only of those who are themselves taking the risks.
John James Cowperthwaite
If I choose to impose individual blame for all past social ills, there will be no one left to like in some of the most fascinating periods of our history. For example […] if I place every Victorian anti-Semite beyond the pale of my attention, my compass of available music and literature will be pitifully small. Though I hold no shred of sympathy for active persecution, I cannot excoriate individuals who acquiesced passively in a standard societal judgment. Rail instead against the judgment, and try to understand what motivates men of decent will.
Stephen Jay Gould
Cowperthwaite, John James
Cox, Alan
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