When politics isn’t fomenting conflict, raising time preferences, and stupefying the nation, it is attenuating progress. Contrary to the incessant jabbering on the need for “change,” all politicians despise change. Change erodes political power and undermines regimes.
Stephen Mauzy
Stephen Mauzy is a CFA charterholder, a financial writer, and principal of S.P. Mauzy & Associates.