Pertinent Quotes from Thomas Jefferson

"When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe ."
— Thomas Jefferson

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
— Thomas Jefferson

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world."
— Thomas Jefferson

"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."
— Thomas Jefferson

"My reading of history convinces me that most bad government results from too much government."
— Thomas Jefferson

"No free man shall ever be debarred the use of arms."
— Thomas Jefferson

"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."
— Thomas Jefferson

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."
— Thomas Jefferson

"To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical."
— Thomas Jefferson

Thomas Jefferson said in 1802:

"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."

Parallels Between the Financial Crisis and the Gulf Oil Spill

Charles Hugh Smith describes the similarities between the financial crisis and the gulf oil spill. Hubris, Incompetence, Corruption, and Denial combined to create a disaster.

How many more can we endure?

Link: Of Two Minds

1. The extreme levels of inherent risk in each system were downplayed/misunderstood by those responsible for their management.

2. The unprecedented risk intrinsic to each system was masked by facsimiles of regulation and specialized expertise.

3. The initial warning signs were dismissed, downplayed or ignored.

4. Each system was on the outer edge of human engineering (mechanical and financial) but was treated by regulators and managers as entirely standard.

5. Once the system collapsed, nobody knew how to fix it.

6. As the full extent of the damage became apparent, those responsible sought to mask the true extent of the damage.

7. The mainstream media and elected officials unskeptically accepted prevarications, mis-statements, misinformation and manufactured facades as representations of the truth.

8. As the true extent of the damage, distortion/manipulation and failure of responsible authorities became undeniable, public confidence in government, regulatory agencies and the market irrevocably eroded.

Quotes from Thomas Jefferson

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.

When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.

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.

My reading of history convinces me that most bad government results from too much government.

No free man shall ever be debarred the use of arms.

The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.

The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.

via Scott Williams

P.S. I spent five great years in Charlottesville, Virginia, where Jefferson is revered. I concur.

Movie Recommendation: Mr. Smith Goes to Washington

Mr. Smith Goes to WashingtonI had heard that Mr. Smith Goes to Washington (1939) is a great movie, but I had never seen it because I assumed it was out-of-date and probably very superficial (the first half was).

We watched it last night on TCM and saw a well-directed (the great Frank Capra) and well-acted film — James Stewart, Jean Arthur, Claude Rains, and Edward Arnold give excellent performances. I was surprised at the light it shined on dirty politics — how a powerful political machine can use media and innuendo to affect public opinion. Lots of lessons here that should never be forgotten.