What is Nostr?
shane / Shane
npub1pwq…t43l
2023-08-20 16:42:46

shane on Nostr: “A Democracy cannot exist as a permanent form of government. It can only exist ...

“A Democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote them- selves largess out of the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from that public treasury, with the result that a democracy will always collapse from a loose fiscal policy (burden of large public debt), always to be followed by a dictatorship.”


Look at the United States projected yearly deficit and growing interest expense on the debt and tell me that quote isn’t foreshadowing
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npub1pwqjj89lrdsmwxe8zng5jm2kpcmn76h5d0yupxcjqrd0cj0qgqjqznt43l