Getting It Right!0
By Frank J. Rich
Much is spoken about what got us into the most recent economic malaise; what’s wrong with us? The dismal science (economics) has its progenitors, but as we peel back the layers of this onion there is a stark reality few will confront.
JFK may have uttered less wit than wisdom when he exclaimed to the “best and brightest” at the White House: “This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone.” Extraordinarily accomplished from age 5 to 83, Thomas Jefferson, who at 33 wrote The Declaration of Independence, understood better than most the fundamental building blocks of a political and economic society that serves democracy. His words of warning then, ought give us pause today as we search the answer to the question above.
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property—until their children wake up homeless on the continent their fathers conquered.
If we number the above quotes 1-4, we may see today what Jefferson opined some 200 years ago. We have allowed #1, in support of #2, by the act of #3, and are now facing #4.
In a letter to William Smith, secretary to John Adams, in 1787, Jefferson wrote tellingly, “ …what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signifies a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure …”