Tag Archives: Capital

First Principles: Labor Is Prior To, and Independent of, Capital…Labor Is the Superior of Capital, and Deserves Much the Higher Consideration

 “Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.” – Abraham … Continue reading

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The Truth About Power

The Truth About Powerby Michael DoyleThe edges of rationality tatterWhile the People determine what matters.If there is one thing needed to learned,It’s the limits of power properly discerned.When a jaded politician wants to steal the hour,Maybe it’s best to show … Continue reading

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Thought For the Day: Labor Is the Superior of Capital, and Deserves Much the Higher Consideration

“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.” – Abraham … Continue reading

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First Principles: If the Provisions of the Constitution Can Be Set Aside By An Act of Congress, Where Is the Course of Usurpation To End?

“If the provisions of the Constitution can be set aside by an Act of Congress, where is the course of usurpation to end? The present assault upon capital is but the beginning. It will be but the stepping-stone to others, … Continue reading

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Thought For the Day: This Is the Issue of This Election: Whether We Believe In Our Capacity For Self-Government

“It’s time we asked ourselves if we still know the freedoms intended for us by the Founding Fathers. James Madison said, ‘We base all our experiments on the capacity of mankind for self-government.’ This idea that government was beholden to … Continue reading

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Thought For the Day: It Is A Capital Mistake To Theorize Before One Has Data

“It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts.” – Arthur Conan Doyle, physician and writer (22 May 1859-1930)      

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Thought For the Day: The Production of Wealth Is the Result of Agreement and Its Distribution …Will Follow the Law of Its Creation

“The production of wealth is the result of agreement between labor and capital, between employer and employed. Its distribution, therefore, will follow the law of its creation, or great injustice will be done.” – Leland Stanford (1824-1893)      

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Thought For the Day: The Great Dialectic In Our Time…Is Between Economic Enterprise and the State

“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.” – John Kenneth Galbraith (1908-2006)    

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