Filed under: Economics, Free Markets, Freedom, History, Immigration, The Constitution, The United States | Tags: Freedom, History, Thought for the Day
Daniel Hannan, Member of the European Parliament:
I have struggled for years to explain that politicians who cant about fairness don’t mean equal treatment or justice, or indeed, any practical outcome whatsoever. What they really mean is that they’re nice people. and they’re prepared to prove how nice they are with your money.
John Steele Gordon: An Empire of Wealth
This willingness to accept present discomfort and risk for the hope of future riches that so characterized these immigrants, and the millions who would follow over the next two centuries, has made a profound, if immeasurable effect on the history of the American economy. Just as those who saw no conflict between worshiping God and seeking earthly success in the seventeenth century, those who sought economic independence in the eighteenth had a powerful impact on the emerging American culture.
John Steele Gordon: ibid
Masterpieces created by a committee are notably few in number, but the United States Constitution is certainly one of them. Amended only twenty-seven times in 215 years, it came into being just as the world was about to undergo the most profound—and continuing—period of economic change the human race has known. The locus of power in the American economy has shifted from sector to sector as that economy has developed. Whole sections of the country have risen and fallen in economic importance. New methods of doing business and economic institutions undreamed of by the Founding Fathers have come into existence in that time, while others have vanished. Fortunes beyond the imagination of anyone living in the pre-industrial world have been built and destroyed. And yet the Constitution endures, and the country continues to flourish under it.
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