Jim’s Quote of the Day:
"We should reserve a storehouse for ourselves, altogether ours, and wholly free, wherein we may hoard up and establish our true liberty." – Montaigne, Essays
"We should reserve a storehouse for ourselves, altogether ours, and wholly free, wherein we may hoard up and establish our true liberty." – Montaigne, Essays
"Frankly, dear public, you are being robbed. This may be put crudely, but at least it is clear." – Frederic Bastiat, Economic Sophisms
"Far from being grateful defenders of the system from which they have profited, the children of capitalism tend to turn against it. Thus it is that radicals and even revolutionaries almost always stem from the middle and upper classes rather than the working class or the poor, in whose name they presume to speak. And thus it is that what is called liberalism today is increasingly identified with the more, rather than the less, prosperous sectors of American society." – Norman Podhoretz, Commentary editor, Harvard Business Review, 1981
“By their own follies they perished, the fools.” – Homer, The Odyssey
“The right to be let alone is indeed the beginning of all freedom.” – Justice William O. Douglas (1898-1980), U. S. Supreme Court Justice (Public Utilities Commission v. Pollack, 1952)
"A legislative act contrary to the Constitution is not law." – Justice John Marshall (1755-1835) US Supreme Court Chief Justice
“Whatever is going to happen will happen…just don’t let it happen to you.” – Doug Casey
"Statesmen, my dear Sir, may plan and speculate for liberty, but it is religion and morality alone, which can establish the principles upon which freedom can securely stand. The only foundation of a free Constitution is pure virtue, and if this cannot be inspired into our People in a greater Measure than they have it now, they may change their rulers and the forms of government, but they will not obtain a lasting liberty."- John Adams (1735-1826) Founding Father, 2nd US President June 21, 1776 Source: letter to Zabdiel Adams, 21 June 1776, (Reference: Our Sacred Honor, Bennett, p.371)
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive and unrealistic.” – John F. Kennedy
"Search for the truth is the noblest occupation of man; its publication is a duty." Anne Louise Germaine de Stael (1766-1817) French author
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." – Ludwig Von Mises
“The totalitarian states can do great things, but there is one thing they cannot do: they cannot give the factory-worker a rifle and tell him to take it home and keep it in his bedroom. That rifle hanging on the wall of the working-class flat or labourer’s cottage, is the symbol of democracy. It is our job to see that it stays there.” – George Orwell
"There is no safety for honest men but by believing all possible evil of evil men." – Edmund Burke, Reflections on the Revolution in France, 1790
"The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet go out to meet it, nonetheless." – Thucydides, 430 B.C.
"14 million people took a mortgage in the last three years. Seven million [of those] people took teaser rates or piggy-back rates. They will lose their homes, this is crazy!" – Jim Cramer