Posts Tagged ‘Constitution’

Legerdemain

Tuesday, September 23rd, 2014   Submitted by Jim Carigan

SnakeOil

“To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude… I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared.” ~ Thomas Jefferson

Yet we bound ourselves, and continue to add bindings, to a mechanism that is incapable of avoiding these perils, or their consequences. Even an admirer of Jefferson must regret that he misunderstood the inevitability of the machine, and his naivete in trusting human reason as an antidote. The question is, will debt crush republican virtues? Or maybe the question is, are there any republican virtues, anyway?

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