Tuesday, April 14, 2009

"The Virtue Called Economy"

Discussing the extraordinary meeting of the Assembly of Notables called by Louis XVI in 1787, Thomas Jefferson wrote:

The government is said to want eighty millions of livres revenue more than they have. They propose to give to the people provincial administrations, and to make other improvements. It is a pity they had not more of the virtue called economy, of which we have something to spare.

(from a letter to Richard Peters dated Feb. 26, 1787, written from Paris)

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