Tag Archives: Economy

First Principles: There Is A Direct Correlation Between Doing Good and Receiving Good

“[T]here exists in the economy and course of nature, an indissoluble union between virtue and happiness; between duty and advantage; between the genuine maxims of an honest and magnanimous policy, and the solid rewards of public prosperity and felicity.” – … Continue reading

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Thought For the Day: Socialism Only Works Until You Run Out of Other People’s Money

“Socialism works only until you run out of other people’s money.” – Margaret Thatcher      

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WordPress – #Daily Prompt – Mallet

With our mental battle flags unfurled We debate what makes a better world What might it take to develop it? More than socialism’s empty mallet No matter what pretty and fanciful lies they drape They can never change mankind’s mindscape … Continue reading

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First Principles: The Same Prudence Should Be Practiced In the Spending of Private and Public Funds

“The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.”  – Thomas Jefferson (1808)          

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First Principles: Mental Stimulation Promotes the Wealth of Nations

“To cherish and stimulate the activity of the human mind, by multiplying the objects of enterprise, is not among the least considerable of the expedients, by which the wealth of a nation may be promoted.”  – Alexander Hamilton (1791)   … Continue reading

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First Principles: Excessive Taxation Brings the Ruin of A Nation

“There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so much as the business of taxation. The man who understands those principles best will be least … Continue reading

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First Principles: A Nation Should Avoid Perpetual Debt

“We must not let our rulers load us with perpetual debt.” –Thomas Jefferson      

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First Principles: Excessive Taxes Reduce Consumption Which Reduces Taxes

“If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any … Continue reading

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First Principles: Public Debt Is the Biggest Danger To Our Republic

“I … place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. … Taxation follows that, and in its turn wretchedness and oppression.” — Thomas Jefferson, in … Continue reading

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First Principles: Perpetual Public Debt Brings Servitude of the People

“I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and … Continue reading

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