by Mike Van Schoiack | Mar 5, 2016 | Debt, Economics, economy, New, Quotes
“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.”...
by Mike Van Schoiack | Mar 5, 2016 | Economics, economy, Founders, John Adams, New, President, Quotes
“The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.” John Adams, First Address to Congress, Nov. 23, 1797
by Mike Van Schoiack | Mar 5, 2016 | Economics, economy, Founders, New, President, Quotes, Thomas Jefferson
“We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in...
by Mike Van Schoiack | Mar 5, 2016 | Economics, economy, Founders, George Washington, New, President, Quotes
“There is no practice more dangerous than that of borrowing money; for when money can be had in this way,’ repayment is seldom thought of in time, the interest becomes a moth, exertions to raise it by dent of industry ceases, it comes easy and is spent...
by Mike Van Schoiack | Feb 25, 2016 | Debt, Economics, economy, Founders, Government, President, Quotes, Subject, Thomas Jefferson, Topics
“I say, the earth belongs to each of these generations during its course, fully and in its own right. The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a...
by Mike Van Schoiack | Apr 14, 2015 | Adam Smith, Economics, Philosophers, Quotes
“The produce of the soil maintains at all times nearly that number of inhabitants which it is capable of maintaining. The rich only select from the heap what is most precious and agreeable. They consume little more than the poor, and in spite of their natural...
