February 20, 2004

Another Hamiltonian quote

This came from his 1790 proposal (he was Secretary of the Treasury) to create a Bank of the United States.

There's a lot of financial jargon I have a hard time understanding - but this one sentence stood out for me - clear, startling:

The wisdom of the government will be shown in never trusting itself.

I read that, and had to put the book down for a second, to think about it. Amazing.

Posted by sheila
Comments

Unfortunately, most governments are entirely too arrogant to live by this little gem.

Thank our Founding Fathers for checks and balances.

Posted by: j Swift at February 20, 2004 6:54 PM