“The pursuits of commerce would be as admirable as they are profitable if they were not subject to so great risks: and so, likewise, of banking, if it was always honestly conducted. For our ancestors considered, and so ordained in their laws, that, while the thief should be cast in double damages, the usurer should make four-fold restitution.”

Introduction: of the dignity of the farmer
De Agri Cultura, about 160 BC

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Cato the Elder15

politician, writer and economist (0234-0149) -234–-149 BC

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“Unfortunately in our education system youngsters are still not given sufficient encouragement to go into industry or commerce and not told that it is a good thing to make an honest profit. They should be told that if you don't make a profit, you won't be in business very long because you haven't anything to plow back for tomorrow. You make your profit by pleasing others so you have to make it honestly.”

Margaret Thatcher (1925–2013) British stateswoman and politician

Interview for Director magazine (4 July 1983) http://www.margaretthatcher.org/document/105182, quoted in Chris Ogden, Maggie: An Intimate Portrait of a Woman in Power (New York: Simon and Schuster, 1990), p. 345. <br class="br">Second term as Prime Minister

“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to Thomas Cooper, 1814. ME 14:61
Posthumous publications, On financial matters

“It is of great importance that the laws by which the contracts of so numerous and so useful a body of men as the sailors are supposed to be guided, should not be overturned.”

Lloyd Kenyon, 1st Baron Kenyon (1732–1802) British Baron

Cutter v. Powell (1795), 6 T. R. 320.

“The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.”

Kenneth Griffin (1968) American hedge fund manager

"A Wishlist for Fixing Wall Street," New York Times (May 13, 2008) http://www.nytimes.com/2008/05/13/business/13sorkin.html?ref=business.

“The establishment and maintenance of sound and fair social conditions; so that there should be no oppression nor injustice, but a square deal for everybody; so that the strong should not be permitted to prey upon the weak; so that the law of helpfulness should prevail, instead of the law of ravine … such sound and fair social conditions would bring to the community in which they were established and maintained, unexampled, and marvelous prosperity; and this prosperity and peace and happiness would promptly advertise themselves and set up an irresistible attraction. Such a society as this would be a magnet that would draw to itself, all the children of men. They would all want to be in it.”

Washington Gladden (1836–1918) American pastor

Source: The Nation and the Kingdom (1909), pp. 4-5

“A legal thief, a bloodless murderer,
A fiend incarnate, a false usurer.”

Joseph Hall (1574–1656) British bishop

Virgidemarium (1598) IV.

“Here the men lost all patience, and complained of the length of the voyage, but the Admiral encouraged them in the best manner he could, representing the profits they were about to acquire, and adding that it was to no purpose to complain, having come so far, they had nothing to do but continue on to the Indies, till with the help of our Lord, they should arrive there.”

Cristoforo Colombo (1451–1506) Explorer, navigator, and colonizer

10 October 1492
Variant translation: Here the people could stand it no longer and complained of the long voyage; but the Admiral cheered them as best he could, holding out good hope of the advantages they would have. He added that it was useless to complain, he had come [to go] to the Indies, and so had to continue it until he found them, with the help of Our Lord.
As translated in Journals and Other Documents on the Life and Voyages of Christopher Columbus (1963) by Samuel Eliot Morison, p. 62
Journal of the First Voyage

“Judiciary in India holds a place of pride in the country and outside. At present, there is a tendency in our country to defy law and authority. If this were continued, it would be a bad day for India and would cut at the very roots of our nascent democracy. The rule of law should be respected so that the basic structure of our democracy is maintained and further strengthened.”

Lal Bahadur Shastri (1904–1966) The second Prime Minister of the Republic of India and a leader of the Indian National Congress party

About Democracy

“A comic writer should of all others be the least excused for deviating from nature, since it may not be always so easy for a serious poet to meet with the great and the admirable; but life every where furnishes an accurate observer with the ridiculous.”

Henry Fielding book Joseph Andrews

Author's Preface
Joseph Andrews (1742)

“And yet these things for which we should strive eagerly, things so closely akin to ourselves, so truly our own, we treat with great slackness and constant indifference and thus destroy the germs of excellence, while those things in which deficiency were a merit we desire with an insatiable yearning.”

Philo (-15–45 BC) Roman philosopher

71.
Every Good Man is Free

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Cato the Elder15

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