Please take note of NC Freedom who has 100% of my support
by NC Freedom
http://triangle.ncfreedom.us/2009/11/25/how-to-destroy-the-republic-1792/
Thomas Jefferson started the National Gazette newspaper to present his views on our fledgling republic that were in direct conflict with the views of Alexander Hamilton. Philip Freneau was the editor who wrote an editorial in 1792 titled: RULES FOR CHANGING A REPUBLIC INTO A MONARCHY. Of course today, monarchies are known as dictatorships. John Ainsworth directed me to item number 6 of the 15 points detailed in the editorial:
6. But the grand nostrum will be a public debt, provided enough of it can be got and it be medicated with the proper ingredients. If by good fortune a debt be ready at hand, the most is to be made of it. Stretch it and swell it to the utmost the items will bear. Allow as many extra claims as decency will permit. Assume all the debts of your neighbors — in a word, get as much debt as can be raked and scraped together, and when you have got all you can, “advertise” for more, and have the debt made as big as possible. This object being accomplished, the next will be to make it as perpetual as possible; and the next to that, to get it into as few hands as possible. The more effectually to bring this about, modify the debt, complicate it, divide it, subdivide it, subtract it, postpone it, let there be one-third of two-thirds, and two-thirds of one-third, and two-thirds of two-thirds; let there be 3 percents, and 4 percents, and 6 percents, and present 6 percents, and future 6 percents. To be brief, let the whole be such a mystery that a few only can understand it; and let all possible opportunities and informations fall in the way of these few, to clinch their advantages over the many.
I have provided the definition of the word “nostrum” below since I believe this word is not taught in our public school systems.
1. A medicine whose effectiveness is unproved and whose ingredients are usually secret; a quack remedy.
2. A favorite but usually ineffective remedy for problems or evils.
I think I will using this word often in the future when talking about Climate Change, Healthcare and Stimulus Plans.
I encourage you to read the entire editorial by clicking here. The analogies to our current economic status are easily seen. I wonder if Cloward and Piven read this editorial and were just plagiarizing “old news”.
David DeGerolamo
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