By Peter Boettke, Ph.D. “The true foundation of republican government is the equal right of every citizen in his person and property and in their management.” –Thomas Jefferson to Samuel Kercheval, 1816. Few concepts have been more important for human survival, yet maligned as unjust by intellectuals, as the concept of private property rights. Since [...]
Tag Archives: David Hume
The Role of Private Property in a Free Society
Posted in Economics 101, Private Property Also tagged Adam Smith, American Revolutionaries, Aristotle, Classical Economists, Entrepreneurial, F. A. Hayek, George Washington, James Madison, Ludwig von Mises, Peter J. Boettke, Private Property, Private Property Rights, Scottish Enlightenment, Socialism, Thomas Jefferson, Wealth of Nations, Western Civilization 2 Comments
“The Practice of Contracting Debt” – Quote of the Day – David Hume
“The practice of contracting debt will almost infallibly be abused in every government. It would scarcely be more imprudent to give a prodigal son a credit in every banker’s shop in London, than to empower a statesman to draw bills, in this manner, upon posterity.”
Posted in Economics 101, Private Property, Public Debt & Taxation Also tagged Imprudent, Posterity, Public Debt Leave a comment
