One could postulate two extremes of economic theory: those
who believe that the best solution is to remove all governmental control and
intervention from the operation of the economic system, and those who believe
that the functioning of the economic system should be closely supervised and
adjusted by the State so that society is not at the mercy of the system but has
it under its control. As has become abundantly clear, neither extreme is
workable, and proponents of both have gradually come to adopt more moderate
stances, although there tends to be an oscillation of viewpoints in response to
changing conditions.
- The Universal House of Justice (From a letter dated 13 November 1985 written on behalf of
the Universal House of Justice to an individual believer; The Compilation of
Compilations, vol. III, Economics, Agriculture, and Related Subjects)
