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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Tuesday, May 17, 2011

Cleveland Rocks « threedonia.com

Grover Cleveland at his 1893 inauguration....
The lessons of paternalism ought to be unlearned and the better lesson taught that while the people should patriotically and cheerfully support their Government its functions do not include the support of the people.

The acceptance of this principle leads to a refusal of bounties and subsidies, which burden the labor and thrift of a portion of our citizens to aid ill-advised or languishing enterprises in which they have no concern. It leads also to a challenge of wild and reckless pension expenditure, which overleaps the bounds of grateful recognition of patriotic service and prostitutes to vicious uses the people’s prompt and generous impulse to aid those disabled in their country’s defense.

Every thoughtful American must realize the importance of checking at its beginning any tendency in public or private station to regard frugality and economy as virtues which we may safely outgrow. The toleration of this idea results in the waste of the people’s money by their chosen servants and encourages prodigality and extravagance in the home life of our countrymen.

Under our scheme of government the waste of public money is a crime against the citizen, and the contempt of our people for economy and frugality in their personal affairs deplorably saps the strength and sturdiness of our national character.
True over a century ago and true now.

The financial panic of 1893 was a cathartic experience for the nation. However, the economy recovered and why did it recover? Because true capitalism has mechanism to allow for adjustments. Now, we no longer have true capitalism. It is corporatism supported by government. Its a recipe for disaster but capitalism will eventually win. It will effect the adjustment but this will prove to be extraordinarily painful. But true fundamental, not a fake economy as created by government intervention will remove the cancer that infects it and that is government and its evil interference.

Cleveland Rocks « threedonia.com

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