 | John Long Armstrong Jr. (November 25, 1758 - April 1, 1843) on Economics and Competition(published by RevoltSource) |
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| John Long Armstrong Jr. (November 25, 1758 - April 1, 1843) on Economics and Competition(published by RevoltSource) |
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: John Armstrong Jr. was an American soldier, diplomat and statesman who was a delegate to the Continental Congress, U.S. Senator from New York, and United States Secretary of War under President James Madison. A member of the Democratic-Republican Party, Armstrong was United States Minister to France from 1804 to 1810. (From: Wikipedia.org.)
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Quote #1 on Economic Struggle Quotes >> Economics and Competition
“The hacknied maxim, that trade must always regulate itself, is in our situation as impolitical as it is arrogant and absurd, and patience but scarcely restrains from bestowing upon it the severer epithets due to a possession so very ill-timed. [1780]”
Source: "Government and Labor in Early America," by Richard B. Morris, Octagon Books, New York, 1975. Chapter 2: The Regulation of Wages During the Revolution, Page 116.
"Government and Labor in Early America," by Richard B. Morris, Octagon Books, New York, 1975.
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