“It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.”
Paul Volcker
Thomas Aquinas is credited as one of the greatest proponents of natural law. During his time in Cologne he was taught by Albertus Magnus. Magnus used the teachings of Aristotle in his mentorship of Thomas Aquinas.
Samuel Adams believed in American Independence from Great Britain. He is one of the most well know Son's of Liberty. On August 1, 1776 he gave a speech to the Continental Congress in Philadelphia.
This month this community will focus on Natural Law. What is Natural Law? How is it applied in real world situations? What are the alternatives to Natural Law? These are some of the issues that will be discussed this month.
“Opinions alter, manners change, creeds rise and fall, but the moral law is written on the tablets of eternity.”
Lord Acton
