Friday, December 21, 2007

(Somewhat) Daily Coolidge -- Our Heritage from Hamilton

"The great man is he who can express the unuttered opinions of his time, direct energy along profitable channels, divine the spirit of the people, and unify action under just and stable institutions of government. Such a man was Alexander Hamilton. When America ceases to remember his greatness, America will be no longer great."

"There are those who give great expression to their solicitude for the welfare of the people. Their expressions are, no doubt, sincere, and they may entertain a candid desire to accomplish such a purpose; but the great power of production which diversification of industry has brought about has created a condition of interdependence. There is no such thing as the general welfare of the people in a period of business depression. If those policies are adopted which do all that can be done to produce a business prosperity which follows, there is no power which can prevent such prosperity from being diffused among the people. It is the doctrine of the Republican party to encourage business, not merely for its own sake but because that is the surest method of administering to the general welfare. Those who criticize will be justified in their criticism when they can point out a better way. "

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