Her Majesty has kindly authorized me to put before her eyes the commitment she made with herself to support me in the execution of the savings plans which are at all times, and today more than ever , of an indispensable necessity
”,
writes Turgot, the new Comptroller General of the Nation, to Louis XVI on the day he took office, August 24, 1774. Emmanuel Macron was the rapporteur.
It was in January 2008, Nicolas Sarkozy was President of the Republic, and no more in 2008 than at the beginning of the reign of Louis XVI was it possible to straighten the bar of public finances.
Turgot failed to redress the accounts, and popular discontent turned into a revolution in the face of a government crippled in debt and powerless to raise more taxes.
One of Turgot's maxims in his address to the sovereign was the following:
"
No loans, because...
This article is for subscribers only.
You have 97% left to discover.
The economy never stops, like freedom.
Keep reading your article for €0.99 for the first month
I ENJOY IT
Already subscribed?
Login