I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.
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Letter to William Plumer (21 July 1816).Thomas Jefferson
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[The country's founders] understood that republican self-government could not exist if humanity did not possess ... the traditional 'republican virtues' of self-control, self-reliance, and a disinterested concern for the public good.
Irving Kristol
If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished all our gold and silver medium, which, before their institution, we had without interest, which never could have perished in our hands, and would have been our salvation now in the hour of war; instead of which they have given us two hundred million of froth and bubble, on which we are to pay them heavy interest, until it shall vanish into air... We are warranted, then, in affirming that this parody on the principle of 'a public debt being a public blessing,' and its mutation into the blessing of private instead of public debts, is as ridiculous as the original principle itself. In both cases, the truth is, that capital may be produced by industry, and accumulated by economy; but jugglers only will propose to create it by legerdemain tricks with paper.
Thomas Jefferson
My fellow immigrants, my fellow Americans how do you know if you are a Republican? I’ll tell you how. If you believe that government should be accountable to the people, not the people to the government, then you are a Republican! If you believe a person should be treated as an individual, not as a member of an interest group, then you are a Republican! If you believe your family knows how to spend your money better than the government does, then you are a Republican! If you believe our educational system should be held accountable for the progress of our children, then you are a Republican! If you believe this country, not the United Nations, is the best hope of democracy in the world, then you are a Republican! If you believe that the American Dream can be reachable if you work hard enough to earn it, then you are a Republican! And, ladies and gentlemen, if you believe we must be fierce and relentless and terminate terrorism, then you are a Republican! There is another way you can tell you’re a Republican. You have faith in free enterprise, faith in the resourcefulness of the American people, and faith in the U.S. economy.
Arnold Schwarzenegger
Economy is the first and great article (economy such as I understand it) in my financial creed. The controversy between direct and indirect taxation holds a minor, thought important place.
William Ewart Gladstone
The most serious problems lie in the financial sphere, where the economy’s debt overhead has grown more rapidly than the ‘real’ economy’s ability to carry this debt. ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor. - 1998
Michael (economist) Hudson
Jefferson, Thomas
Jeffrey, Francis
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