Feb
13
2009
A funny quote about the economy or something
“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largesse out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.”
Alexander Fraser Tytler (1747-1813)
Library of Congress; Unverified
