Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“Sir, I agree to this Constitution, with all its Faults, if they are such; because I think a General Government necessary for us, and there is no Form of Government but what may be a Blessing to the People if well administered; and I believe farther that this is likely to be well administered for a Course of Years, and can only end in Despotism as other Forms have done before it, when the People shall become so corrupted as to need Despotic Government, being incapable of any other.”     Benjamin Franklin,    Final Speech at the Constitutional Convention

September 26, 2011

Quote Of The Day

by Brad Warbiany

Ahh, that veritable font of blogging material, Kevin Drum:

And yet, to a large extent, governments are merely responding to the wishes of the public. It’s a simple fact that the average Joe (or Dieter or Emile or Carlotta) believes pretty strongly in folk economics — low inflation, a strong currency, and balanced budgets — and decidedly doesn’t believe in bailing out people who aren’t them. On the latter front, this applies both to Germans who don’t want to bail out Greeks and Americans who don’t want to bail out underwater homeowners.

Apparently the problem in the world is that we’ve been listening to the folk economists, and following policies of low inflation, a strong currency, and balanced budgets. Damn our fiscal solvency getting us into all this trouble!


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