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Quotation of the Day…
Posted By Don Boudreaux On October 28, 2011 @ 7:59 am In Hubris and humility,Seen and Unseen | Comments Disabled
… is from page 87 of Vol. 1 of the 1980 Knopf edition of Alexis de Tocqueville’s Democracy in America :
But I am of the opinion that a centralized administration is fit only to enervate the nations in which it exists, by incessantly diminishing their local spirit. Although such an administration can bring together at a given moment, on a given point, all the disposable resources of a people, it injures the renewal of those resources. It may ensure a victory in the hour of strife, but it gradually relaxes the sinews of strength. It may help admirably the transient greatness of a man, but not the durable prosperity of a nation.
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