What Herbert Spencer Would Say

What Herbert Spencer Would Say About The Federal Reserve Reconstruction Fiasco

 

The restoration of two buildings used by the Federal Reserve Bank in Washington, D.C. has ballooned from an initial cost of $1.8 billion to $2.5 billion, according to the Financial Times. People in the media are so unsurprised by this that they attribute it to POTUS Trump's antipathy for the current head of the Federal Reserve, Jerome Powell.

A different viewpoint from the past doesn't address this situation directly but was expressed by a thinker unique in his time or any other, Herbert Spencer, (1820-1903) , who was very critical of the machinations of any form of government. His ideas about situations like the Federal Reserve  follow:

 

                               Herbert Spencer

 If people at large tolerate the extravagance, the stupidity, the carelessness, the obstructiveness, daily exemplified in the military, naval, and legal administrations, much more will they tolerate them when exemplified in departments which are neither so vitally important nor occupy so large a space in the public mind. The vices of officialism must exist throughout public organizations of every kind,