Tag Archives: Institution

First Principles: The Unlimited Power To Tax Necessarily Is the Power To Destroy

“An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.” – John Marshall (1819)    

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Thought For the Day: The Shadow of A Man Is Determined By Character

“Every great institution is the lengthened shadow of a single man. His character determines the character of the organization.” – Ralph Waldo Emerson, writer and philosopher (25 May 1803-1882)      

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Thought For the Day: In Science, Skepticism Is A Virtue

“Most institutions demand unqualified faith; but the institution of science makes skepticism a virtue.” – Robert King Merton, sociologist (4 Jul 1910-2003)      

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