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Thomas Jefferson on Economic Virtue

by Mike Van Schoiack | Mar 24, 2015 | Economics, Founders, President, Quotes, Subject, Thomas Jefferson, Uncategorized

“I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and...

Thomas Jefferson on Redistribution

by Mike Van Schoiack | Mar 24, 2015 | Economics, Equality, Founders, Freedom, Natural Law, President, Quotes, Thomas Jefferson

“To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the...

Benjamin Franklin on Redistribution

by Mike Van Schoiack | Mar 24, 2015 | Ben Franklin, Economics, Equality, Founders, Government, Quotes

“When the people find that they can vote themselves money, that will herald the end of the republic.” Often attributed to Benjamin Franklin, but there is no record that Franklin ever wrote or spoke these exact words.

James Madison on Welfare Clause and Money

by Mike Van Schoiack | Oct 21, 2013 | Constitution, Economics, Founders, Government, James Madison, President, Quotes

“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 is to be remarked that...

John Adams on Economic Education

by Mike Van Schoiack | Oct 21, 2013 | Economics, Education, Founders, John Adams, President, Quotes

“All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.” John...

James Madison on the Reason for the US’s Economic Success

by Mike Van Schoiack | Oct 17, 2013 | Constitution, Economics, Founders, Freedom, Government, James Madison, President, Quotes

“The enviable condition of the people of the United States is often too much ascribed to the physical advantages of their soil & climate …. But a just estimate of the happiness of our country will never overlook what belongs to the fertile activity of...
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I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either.

— John Adams

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