Through excessive government spending brought about by wars, national calamities and mainly a host of socialistic programs, governments are coerced into borrowing money, and the money lenders always stipulate that the government must use its power of taxation as the means of guaranteeing that debt retirement.
The New York Times
May 7, 1922
January 27, 1850 – December 13, 1924) was an English-born American cigar maker who became a labor union leader and a key figure in American labor history. Gompers founded the American Federation of Labor (AFL), and served as that organization’s president from 1886 to 1894 and from 1895 until his death in 1924.