Quote#Heart
Any prosperity policy is a delusion and a path to ruin. There is no…
Quote byWilliam Graham Sumner · 1840–1910
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: "The Conquest of the United States by Spain”, speech at Yale 1899 ..
English (original)
Any prosperity policy is a delusion and a path to ruin. There is no economic lesson which the people of the United States need to take to heart more than that. In the second place the Spanish mistakes arose, in part, from confusing the public treasury with the national wealth.
— William Graham Sumner
More from William Graham Sumner
If I want to be free from any other man’s dictation, I must understand that I can have no other man under my control.
He is the man who never is thought of. … He works, he votes, generally he prays—but he always pays.
I call him the Forgotten Man.
It is often said that the earth belongs to the race, as if raw land was a boon, or gift.
The man who started with the notion that the world owed him a living would once more find, as he does now, that the world pays him its debt in the state prison.
Civil liberty is the status of the man who is guaranteed by law and civil institutions the exclusive employment of all his own powers for his own welfare.