What does vices of excess and vices of deficiency mean

The vice of excess is irascibility or irritableness, of deficiency is spinelessness or passivity (there's not a good word for it). Truthfulness – is what Aristotle called moderation in one's presentation of oneself, with boastfulness as the excess and self-deprecation as the deficiency.

Explanation:

The vice of excess is irascibility or irritableness, of deficiency is spiritlessness or passivity (there's not a good word for it). Truthfulness – is what Aristotle called moderation in one's presentation of oneself, with boastfulness as the excess and self-deprecation as the deficiency.

Explanation:

protectionism fosters competition and keeps price regulated is not an argument in favor of protectionism.

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