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Bill Bonner, Frederic Bastiat, Capt. Henry Kerby


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"The entire world economy rests on the consumer;

if he ever stops spending money he doesn't have

on things he doesn't need -- we're done for."

-- Bill Bonner

Editor of The Daily Reckoning

April 3, 2003




"Everyone wants to live at the expense of the state.

They forget that the state lives at the expense of everyone."

-- Frederic Bastiat

(1801-1850) French economist, statesman, and author. He did most of his writing during the years just before -- and immediately following -- the French Revolution of February 1848

Source: "The Law" by Frederic Bastiat (1850)

<a href=http://liberty-tree.ca/research/TheLaw>http://liberty-tree.ca/research/TheLaw</a>




"That this House considers that the continued issue of all the means of exchange -- be they coin, bank-notes or credit, largely passed on by cheques -- by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations..."

-- Capt. Henry Kerby

British Member of Parliament

Source: in an Early Day Motion tabled in 1964


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