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Frank Chodorov Quotes: Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise.
         

Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise.


Frank Chodorov
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Other quotes of Frank Chodorov


The pertinent question: if Americans did not want these wars should they have been compelled to fight them?

The pertinent question: if Americans did not want these wars should they have been compelled to fight them?



All wars come to an end, at least temporarily. But the authority acquired by the state hangs on; political power never abdicates.

All wars come to an end, at least temporarily. But the authority acquired by the state hangs on; political power never abdicates.



Perhaps the removal of trade restrictions throughout the world would do more for the cause of universal peace than can any political union of peoples separated by trade barriers.

Perhaps the removal of trade restrictions throughout the world would do more for the cause of universal peace than can any political union of peoples separated by trade barriers.



Popular suffrage is in itself no guarantee of freedom. People can vote themselves into slavery.

Popular suffrage is in itself no guarantee of freedom. People can vote themselves into slavery.



The early American knew that freedom was nothing more than the absence of external restraint on behavior; the government could not give you freedom, it could only take it away.

The early American knew that freedom was nothing more than the absence of external restraint on behavior; the government could not give you freedom, it could only take it away.



There cannot be a good tax nor a just one; every tax rests its case on compulsion.

There cannot be a good tax nor a just one; every tax rests its case on compulsion.



If for no other reason, personal pride should prompt every governor and state legislator to take a secessionist attitude; they were not elected to be lackeys of the federal bureaucracy.

If for no other reason, personal pride should prompt every governor and state legislator to take a secessionist attitude; they were not elected to be lackeys of the federal bureaucracy.



The State acquires power... and because of its insatiable lust for power it is incapable of giving up any of it. The State never abdicates.

The State acquires power... and because of its insatiable lust for power it is incapable of giving up any of it. The State never abdicates.



Private capitalism makes a steam engine; State capitalism makes pyramids.

Private capitalism makes a steam engine; State capitalism makes pyramids.



[When people] say 'let's do something about it,' they mean 'let's get hold of the political machinery so that we can do something to somebody else.' And that somebody is invariably you.

[When people] say 'let's do something about it,' they mean 'let's get hold of the political machinery so that we can do something to somebody else.' And that somebody is invariably you.





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Quote Description


This page presents the quote "Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise.". Author of this quote is Frank Chodorov. This quote is about promise, national debt, administration, left, pay, posterity, debt, issues, doe,.