A Quote by John Adams

The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to prevent their growth in our own. — © John Adams
The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to prevent their growth in our own.
Of all the enemies to public liberty war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes; and armies, debts, and taxes are the known instruments for bringing the many under the domination of the few... No nation could preserve its freedom in the midst of continual warfare.
I place economy among the first and most important virtues and public debt as the greatest dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
The in-love experience does not focus on our own growth or on the growth and development of the other person. Rather, it gives us the sense that we have arrived and that we do not need further growth.
I don't think any of us can do much about the rapid growth of new technology. A new technology helps to fuel the economy, and any discussion of slowing its growth has to take account of economic consequences. However, it is possible for us to learn how to control our own uses of technology.
For several centuries Western civilization has had a drive for material accumulation, continual extensions of economic power, termed 'progress'...The longing for growth is not wrong. The nub of the problem is how to flip over, as in jujitsu, the magnificent growth energy of modern civilization into a nonacquisitive search for deeper knowledge of self and nature.
I don't have any problem with the United States acting on behalf of its own interests. That's what big powers do; that's what all countries do. I would just like to see us analyze in a serious way what really is in our interest. Sometimes we intervene in foreign countries in ways that seem successful at first. In the end, however, we wind up with unpredicted consequences that make us regret those operations.
In order not to be misunderstood, I want it perfectly clear that I believe it is incumbent on us to conduct our lives in a way that takes into account all the consequences of our actions, including the consequences to other people, and the consequences to the environment.
Our continual desire for praise ought to convince us of our mortality, if nothing else will.
China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.
We are soldiers who devote ourselves to arms not for the invasion of other countries, but for the defense of our own, not for the gratification of our private interests but for public security
Repentance is not completed by a single act, it must be incorporated into our mind, till it become a fixed state, arising from a continual sense of our need of it.
When capital comes into our own countries, it ought to be for, you know, a longer-term investment. If it's extremely short, hot money, we ought to treat it in that way and have type of regulatory policy.
[A] private property regime makes people responsible for their own actions in the realm of material goods. Such a system therefore ensures that people experience the consequences of their own acts. Property sets up fences, but it also surrounds us with mirrors, reflecting back upon us the consequences of our own behavior.
..avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear.
Balance is the most important of all qualities. We don't want a little bit of rapid growth and then to stagnate. We want continual growth, continual development, which implies balance, always.
Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world's poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won't be repaid.
This site uses cookies to ensure you get the best experience. More info...
Got it!