“It is bad policy to regulate everything... where things may better regulate themselves and can be better promoted by private exertions but it is no less bad policy to let those things alone which can only be promoted by interfering social power.”
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But the general welfare must restrict and regulate the exertions of the individuals, as the individuals must derive a supply of their strength from social power.
Our strength in finance has led us to set up an international financial centre with medium and long-term objectives, especially to develop Islamic financial and insurance services.
The rate of interest acts as a link between income-value and capital-value.
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.
