Wednesday, February 11, 2009

In this time of stimulus

I have something for you to consider:

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, followed always by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.

Alexander Fraser Tytler

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