Quotation of the Day…
(Don Boudreaux)
… is from page 643 of Will Durant’s 1944 volume, Caesar and Christ; in this part of the book, Durant writes about Rome during the late 3rd and early 4th centuries C.E.:
The bureaucrats found their task too great for human integrity, their surveillance too sporadic for the evasive ingenuity of men. To support the bureaucracy, the court, the army, the building program, and the dole, taxation rose to unprecedented peaks of ubiquitous continuity. As the state had not yet discovered the plan of public borrowing to conceal its wastefulness and postpone its reckoning, the cost of each year’s operations had to be mean from each year’s revenue.
DBx: The same economic laws that operated in ancient Rome operate in modern America, in modern Europe, in any time and place where there is human society. Humans today are no less venal in spirit and limited in intelligence than were humans when Rome was in its so-called glory and in its decline. Reality is no more optional for us than it was for ancient Romans.
And as would have been true had the ancient-Roman state “discovered the plan of public borrowing to conceal its wastefulness and postpone its reckoning,” so it is actually true today that public borrowing conceals the modern-state’s wastefulness – and, thus, encourages further such wastefulness – and postpones its reckoning.
Source: https://cafehayek.com/2022/04/quotation-of-the-day-3870.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
Good to be reminded of the biblical proverb “ neither a borrower nor a lender be.”
Applies to government as well. How far from that have we got.
Given that the Bible is true what does that say about the price of snything that we have to borrow, even the house, to be able to purchase it. It’s all a scam.