A Quote by Oswald Chambers
The institutions of Churchianity are not Christianity. An institution is a good thing if it is second; immediately an institution recognizes itself it becomes the dominating factor.
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When any institution becomes large and compartmentalized, with departments and subdepartments, then the conscience of the institution will often become so fragmented and diluted as to be virtually nonexistent, and the organization becomes inherently evil.
A financial institution has the task of taking risks, and if it's a well run institution - say, Goldman Sachs - it tries to cover the potential losses to itself, but only to itself.
A founder can carry an institution only so far, and then others have to step in, even the alumni. That's how an institution becomes one.
The most important Christian Education institution is not the pulpit or the school, important as those institutions are; but it is the Christian family. And that institution has to a very large extent ceased to do its work.
I don't believe that someone who sets up an institution should be able to take out the money from the institution or pay dividends to shareholders. I am not saying that institutions should be set up for charity.
Your ancestors fought for you to have a share in that institution over there. It's yours. See the school board, and every Friday night hold your meetings there. Have your wives clean it up Saturday morning for the children to enter Monday. Your organization is not a praying institution. It's a fighting institution. It's an educational institution along industrial lines. Pray for the dead and fight like hell for the living!
Without general elections, without freedom of the press, freedom of speech, freedom of assembly, without the free battle of opinions, life in every public institution withers away, becomes a caricature of itself, and bureaucracy rises as the only deciding factor.
Sometimes I fear that, if Harvard does not give up trying to turn itself from an Institution of Learning into an Educational Institution, we may have a generation of professors whose duty it will be to disseminate information which they have not the time to acquire.
I'm not sure that it's right to view this as excluding a particular group. When the institution of marriage developed historically, people didn't get around and say, 'Let's have this institution, but let's keep out homosexuals.' The institution developed to serve purposes that, by their nature, didn't include homosexual couples.
The Internet, as the most open free-speech institution in history, has become a major factor in gun owners' ability to achieve success in preserving and protecting the Second Amendment.
It is a fundamental principle that every institution must be accountable to an authority which is independent of that institution. Yet somehow, the judiciary has propagated a view that the judiciary can only be accountable to itself.
It is therefore our business to restore economic freedom through the restoration of the only institution under which it flourishes, which institution is Property. The problem before us is, how to restore Property so that it shall be, as it was not so long ago, a general institution.
It's not that you have jobs on the Internet, but the Internet makes it possible for more people to build their own jobs. What it does is, it erodes the power of institutions. It used to be you needed an institution to have a job. But, if you look at the three of us on this show, I don't think any of us is really employed by an institution. We run our own lives.
Some people promote the idea that there can be two marriages, co-existing side by side, one heterosexual and one homosexual, without any adverse consequences. The hard reality is that, as an institution, marriage like all other institutions can only have one definition without changing the very character of the institution. Hence there can be no coexistence of two marriages.
What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined.
You know the difference between a real science and a pseudoscience? A real science recognizes and accepts its own history without feeling attacked. When you tell a psychiatrist his mental institution came from a lazar house, he becomes infuriated.
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