“Our rulers will best promote the improvement of the nation by strictly confining themselves to their own legitimate duties, by leaving capital to find its most lucrative course, commodities their fair price, industry and intelligence their natural reward, idleness and folly their natural punishment, by maintaining peace, by defending property, by diminishing the price of law, and by observing strict economy in every department of the state. Let the Government do this: the People will assuredly do the rest.” PeopleStatesGovernmentLawCoursesNationsPeaceNaturalEconomyDutyIndustryFairsPropertyRewardsLeavingIntelligenceImprovementPunishmentFollyDepartmentRulersCommodityStrictIdlenessMaintainingObservingMaintaining Peace Author:Thomas B. Macaulay
“The best taxes are such as are levied upon consumptions, especially those of luxury; because such taxes are least felt by the people. They seem, in some measure, voluntary; since a man may choose how far he will use the commodity: They naturally produce sobriety and frugality, if judiciously imposed: And being confounded with the natural price of the commodity, they are scarcely perceived by the consumers. Their only disadvantage is that they are expensive in the levying.” PeopleIfsMenMayUseSeemsFeltNaturalProduceTaxesLuxuryConsumersExpensiveConsumptionCommodityDisadvantagesSobrietyFrugality Book:The philosophical works of David Hume Source: The philosophical works of David Hume
“It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities.” MayMadeStillsCountryValuesNaturalStandardsGoldHonestlyPermanentSilverTemporaryCommodityConformCoinsVariationLiableFluctuationGold And Silver Book:The Works of David Ricardo ... Source: The Works of David Ricardo ...