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2015 October 16
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"Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime." |
"The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country." |
"Felix qui nihil debet." ("Happy is he who owes nothing.") |
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2015 October 15
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"If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary. In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place, oblige it to control itself." |
"If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions." |
"It has been said that all Government is an evil. It would be more proper to say that the necessity of any Government is a misfortune. This necessity however exists; and the problem to be solved is, not what form of Government is perfect, but which of the forms is least imperfect." |
"It has been said that all Government is an evil. It would be more proper to say that the necessity of any Government is a misfortune. This necessity however exists; and the problem to be solved is, not what form of Government is perfect, but which of the forms is least imperfect." |
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2015 October 14
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"The American Republic will endure, until politicians
realize they can bribe the people with their own money." |
"[T]he income tax is incompatible with a free society. The IRS routinely intrudes on our basic civil liberties and privacy rights -- and its intrusions are getting worse all the time. I want an America where it is no longer the government's business how much money you make and what you do with it." |
"It has often been found that profuse expenditures, heavy
taxation, absurd commercial restrictions, corrupt tribunals,
disastrous wars, seditions, persecutions, conflagrations,
inundation, have not been able to destroy capital so fast as the
exertions of private citizens have been able to create it." |
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2015 October 13
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"In America nobody says you have to keep the circumstances you were born with." |
"What is the essence of America?
Finding and maintaining that perfect, delicate balance
between freedom 'to' and freedom 'from'." |
"If I have seen further, it is by standing on the shoulders of Giants." |
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2015 October 12
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"[A] limited Constitution ... can be preserved in practice no other way than through the medium of courts of justice, whose duty it must be to declare all acts contrary to the manifest tenor of the Constitution void. Without this, all the reservations of particular rights or privileges would amount to nothing ... To deny this would be to affirm … that men acting by virtue of powers may do not only what their powers do not authorize, but what they forbid." |
"We are, heart and soul, friends to the freedom of the press. It is however, the prostituted companion of liberty, and somehow or other, we know not how, its efficient auxiliary. It follows the substance like its shade; but while a man walks erect, he may observe that his shadow is almost always in the dirt. It corrupts, it deceives, it inflames. It strips virtue of her honors, and lends to faction its wildfire and its poisoned arms, and in the end is its own enemy and the usurper's ally, It would be easy to enlarge on its evils. They are in England, they are here, they are everywhere. It is a precious pest, and a necessary mischief, and there would be no liberty without it." |
"I am commonly opposed to those who modestly assume the rank of champions of liberty, and make a very patriotic noise about the people. It is the stale artifice which has duped the world a thousand times, and yet, though detected, it is still successful. I love liberty as well as anybody. I am proud of it, as the true title of our people to distinction above others; but ... I would guard it by making the laws strong enough to protect it." |
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