Paper: An Analysis of the Quote by Logan Pearsall Smith

Congressional and Presidential power in the past 20 years has fluctuated greatly. This creates a situation where there is no clear vision for fiscal policy. This alternation between the ultra- conservative times of the Reagan years, to the comparatively liberal times of the Clinton years, and now back to the right during the G.W. Bush years has left the American economy without an identity. It is clear that prosperity has suffered as a result. The only way to correct this problem is to develop some kind of long-term plan and stick with it. Unfortunately, the party in power would never allow their predecessors to dictate the future of American economics and therefore the chances of a long term solution are next to nil. The question then becomes from an economic context, how does one affect change on fiscal policy within the confines of the political system as it exists today. The method that has been implored is one of a reactionary standpoint. The government tries to react to what has already happened rather than look ahead and try to shape what will happen. Perhaps a solution to this would be to let the economic experts have a louder voice in shaping what fiscal policy will be, rather than relying on politicians, who have their own biases and agendas, and little practical expertise, to set the vision for the fiscal future. As one can see, very little in American Society is not tied to Fiscal Policy. The fungibility of money is now and will continue to be a driving force in the formation of all American policies. It is only through the formation of new and bold ideas that fiscal policy will be successful and thus allow all other policies to have a chance at success. You cannot educate without money. You cannot protect people without money. You cannot cure people without money. There is one common thread that runs through all American policies, and that is the golden thread of the almighty dollar....