Dennis Prager Quotes
Corruption is Africa's greatest problem. Not poverty. Not lack of riches. Not racism.
Prager, Dennis. "The Tragedy of Africa." Townhall, 11 Sep. 2007.
The States sold bonds to finance the Revolutionary War. Some states had better prospects for redeeming their bonds than others. Georgia, South Carolina and North Carolina in particular had poorer prospects than most and their bonds were selling at about 25 cents on the dollar. Alexander Hamilton, then the Secretary of the Treasury, wanted the new Federal government to assume the state’s war debt and pay off the bonds. He made his proposal for how he would accomplish this on January 14, 1790. He delivered his report and proposal to Congress “Report on the Public Credit”. As soon as Hamilton’s proposal was read in Congress, sophisticated speculators set off for the Southern States to buy up as many bonds as they could before the owners found out that a Federal bail-out was under serious consideration. They could easily double, triple or even quadruple their money. To Jackson this was gross immorality. Other representatives had a different point of view. See {619928} & {619929}.
He began an anti-corruption campaign, that executed many and jailed thousands. However, the Chinese Party Council has more billionaires than any other national legislature in the world. Most of these fortunes were made via corruption; these high level figures and those of the army by 2014 were not prosecuted. However, it was a start.
Dennis Mark Prager is an American conservative radio talk show host and writer. His initial political work concerned Soviet Jews who were unable to emigrate. He gradually began offering more and broader commentary on politics. His views generally align with social conservatism. He founded PragerU, an American non-profit organization that creates videos on various political, economic, and philosophical topics from a conservative perspective.
