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 | Mar 5, 2016 | Founders, Freedom, freedom, New, 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...
by Mike Van Schoiack | Mar 5, 2016 | Founders, freedom, James Madison, President, Quotes
“Government is instituted to protect property of every sort; as well that which lies in the various rights of individuals, as that which the term particularly expresses. This being the end of government, that alone is a just government which impartially secures to...
