the-rise-and-fall-of-america: Personal Finance News from Yahoo! Finance:
Alexander Tytler (1747-1813) was a Scottish-born English lawyer and historian. Reportedly, Tytler was critical of democracies, pointing to the history of democracies such as Athens and its flaws, cycles, and ultimate failures. Although the authenticity of his following quote is often disputed, the words have eerie relevance today:
A democracy is always temporary in nature; it simply cannot exist as a permanent form of government."
Wednesday, October 20, 2010
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