There are some who maintain that trade will regulate itself, and it is not to be benefited by the encouragements or restraints of government. Such persons will imagine that there is no need of a common directing power. This is one of those wild speculative paradoxes, which have grown into credit among us, contrary to the uniform practice and sense of the most enlightened nations.
Interpretation
Hamilton critiques the idea that trade can self-regulate without government intervention.
In this quote, Alexander Hamilton argues against the belief that trade can function effectively on its own without guidance or rules imposed by government. He refers to this notion as a 'wild speculative paradox,' highlighting that most enlightened nations recognize the necessity of a regulatory framework to ensure fair and efficient markets.
In practice
Quoting Hamilton during a debate on economic policy to emphasize the role of government.
When men, engaged in unjustifiable pursuits, are aware that obstructions may come from a quarter which bare apprehension of opposition from doing what they would with eagerness rush into if no such external impediments were to be feared.
The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.
It's not tyranny we desire; it's a just, limited, federal government.
The Achaeans soon experienced, as often happens, that a victorious and powerful ally is but another name for a master.
The people are turbulent and changing; they seldom judge right or make good decision.
The true principle of a republic is that the people should choose whom they please to govern them. Representation is imperfect, in proportion as the current of popular favor is checked. The great source of free government, popular election, should be perfectly pure, and the most unbounded liberty allowed.
When I sleep every night, what am I called or not called? And when I wake, who am I if I was not I while I slept?
I am on fire within._x000D_ There comes no murmur of reply._x000D_ What is it that will take away my sin,_x000D_ And save me lest I die?
They do not need the sun. Who needs the sun when the eyes glow? Darkness. A woolen fog has wrapped the earth, has dropped a heavy curtain. From far away, from beyond the curtain, comes the sound of drops falling on stone. Far, far away - the autumn, people, tomorrow. ("The North")
This overcoming of all the usual barriers between the individual and the Absolute is the great mystic achievement. In mystic states we both become one with the Absolute and we become aware of our oneness. This is the everlasting and triumphant mystical tradition, hardly altered by differences of clime or creed.
Life comes from physical survival; but the good life comes from what we care about.
A day is a miniature eternity.
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