Firearms are second only to the Constitution in importance; they are the peoples' liberty teeth.

First Inaugural Address of George Washington...April 30, 1789

The preservation of the sacred fire of liberty and the destiny of the republican model of government are justly considered as deeply, perhaps as finally, staked on the experiment entrusted to the hands of the American people.

The Second Amendment of the U.S. Constitution

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

The First Amendment of the U.S. Constitution

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

Abraham Lincoln said:

"In this age, and in this country, public sentiment is everything. With it, nothing can fail; against it nothing can suceed. Whoever molds public sentiment goes deeper than he who enacts statutes, or pronounces judicial decisions."

James Madison Declared

The adversaries of the Constitution seem to have lost sight of the PEOPLE altogether in their reasonings on this subject; and to have viewed these different establishments not only as mutual rivals and enemies, but as uncontrolled by any common superior in their efforts to usurp the authorities of each other. These gentlemen must be reminded of their error. They must be told that the ULTIMATE AUTHORITY, wherever the derivative may be found, RESIDES IN THE PEOPLE ALONE. (Federalist Papers, No. 46, p.294; emphasis added.)

Wednesday, September 28, 2011

Ten Hayekian Insights for Trying Economic Times

These insights were adapted from a Heritage First Principles Essay by Bruce Caldwell.
  1. Recessions are bound to happen.
  2. Central planning and excessive regulation sure don't work.
  3. Some regulation is necessary.
  4. A stimulus will only stimulate the deficit.
  5. The economy is too complex for precise forecasting.
  6. Remember the rule of unintended consequences.
  7. You won't believe how much you'll learn in Econ 101.
  8. Leave social justice out of it.
  9. Nothing beats the free market.
  10. As a rule of thumb, government cures are not only worse than the disease, but lead to further disease.
Taken from a Special Abridged Edition of Friedrich A. Hayek's The Road to Serfdom, pages 45 to 48. This was produced from the Heritage Foundation.

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