

It
Could Happen Here, Or Could
It?
demanding more, we stole from our children by
providing insufficient capital for economic growth. This
has undoubtedly been a sure way to discourage
ancestor worship.
At this time, can we be good students and learn
from history? Thomas Jefferson was cautiously
optimistic for us:
"/
predid future happiness for
Americans if they can prevent the government from
wasting the labors of the people under the pretense of
taking care of them.
"
Have we forgotten that it was Jefferson who also
wrote,
"Ifa nation values anything more than freedom,
it will lose its freedom
-
and the irony ofit is that if it is
comfort or money that it values more than freedom, it
will lose the comfort and the money too.
"
Today, as ever, the key to individual freedom is the
type of government under which man lives. The chief
concern of good government -- one that stimulates the
productivity needed for a high standard of living -- is to
establish and protect the highest degree of personal
freedom possible within the framework of the law. A
government that does not guarantee this freedom
severely retards the improvement of the material
welfare of its people.
Some thoughtful observers are deeply concerned
that the late 20th century may not mark another
opportunity to observe the anniversary of the American
Constitution, but rather the end of the age · of the
American incentive system.
If
we· want it to be the
former, we had better step up our efforts to understand
and preserve the documents which are the basis for the
most productive economic system in the history of man.
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