Principium Volume I, Book 1, # 37-39

37. (8-26-2012) The underpinnings of economic freedom – stable, enforceable laws; a free market; private property – are a sub-set of political freedom. Economic freedom is the essence of capitalism, but without legally protected property rights and impartial public authorities to enforce the law there is no foundation for incentive, initiative, or imagination (there is only anarchy). The political principles that ensure our economic liberty are elemental; They cannot be divided or implemented fractionally. They embody what is called “ordered freedom.”

- Thomas N. Tripp – First Principles, 2008


38. (8-26-2012) (How, as the government grows, it takes money from the economy.)ATJ Ultimately, the primary difficulty with government programs is there is no market discipline (i.e., competition, prices, risks, etc.)ATJ. When bureaucracies fail they don’t face bankruptcy or liquidation, they use their failure to push for bigger more intrusive programs (a program’s small size or the inadequate reach of the bureaucrats power being used to excuse their failure to achieve results in line with their enabling legislation). As well, of course, politicians and bureaucrats don’t spend their own money – thus accountability on either the practical or intellectual level is not part of their final equation.

- Thomas N. Tripp – First Principles, 2008


39. (8-26-2012) If private property is secure, if the people and their governmental representatives…ensure incentive is in place to allow the public to act unhindered in their economic and social decisions, then society can be free and prosperous. When property is jealously protected, demagogic politicians cannot take advantage of social change or even crises to implement feel-good policy that is politically and/or economically bankrupt.

- Thomas N. Tripp – First Principles, 2008

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