The relationship between the individual and the state is at the center of political philosophy and debate. Though much of this philosophizing and debating is abstract and arcane, now and then a statement will cut through all of the verbiage and reveal, in a way that all can understand with shocking clarity, the world view of the speaker.
When such statements signal a shift in the relationship between the individual and the state, they can be especially important in the development of a longer-term outlook for the economy and financial markets.
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