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— Samuel Williams"Every thing useful and beneficial to man, seems to be connected with obedience to the laws of his nature, the inclinations, the duties, and the happiness of individuals, resolve themselves into customs and habits, favorable, in the highest degree, to society. In no case is this more apparent, than in the customs of nations respecting marriage."
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I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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The elimination of unnecessary collateral requirements on foreign insurers and reinsurers is not only beneficial for the individual companies, but for the industry as a whole.
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