Joseph Addison Quotes
A well regulated commerce is not, like law, physic, or divinity, to be overstocked with hands; but, on the contrary, flourishes by multitudes, and gives employment to all its professors.
Addison, Joseph. The Spectator, No. 21, 24 Mar. 1711. The Works of the Right Honourable Joseph Addison, vol. 2, Henry G. Bohn, 1854, p. 268.
Presidents later when there was a very good economy flaunted the fact as did Harrison. See {641123}. In Harrison’s case, the good times didn’t last very long. In less than a year, the economy collapsed and we had the worst depression in history until the Great Depression came along 4 decades later.
The most successful way of poor nations developing rapidly is to trade with rich nations.
Actually the statement is not literally true though the exceptions are not numerous. People who sold their American common stocks before the 1929 stock market made money. The few people who bet against the U. S. Housing and Mortgage markets before the Meltdown of 2008, made a great deal of money. Over extended long periods, Biden’s statement is true.
Joseph Addison was an English essayist, poet, playwright and politician. He was the eldest son of The Reverend Lancelot Addison. His name is usually remembered alongside that of his long-standing friend Richard Steele, with whom he founded The Spectator magazine. His simple prose style marked the end of the mannerisms and conventional classical images of the 17th century.
