Tuesday, July 22, 2008

Quote du jour

Pursuing your dream of prospering will benefit everyone . . . When I graduated from Yale University, we had a serious commencement speaker not like the one you are stuck with today. The commencement speaker was President John F. Kennedy. And the point I'm making today is the same point he made all those years ago. He said, "No American is ever made better off by pulling a fellow American down, and all of us are made better off whenever any one of us is made better off." He concluded by using the analogy that "a rising tide raises all boats."

Never forget or be ashamed of the fact that pursuing your own self interest furthers everyone's interest. Without you, the poor would be poorer.

-Arthur Laffer to May graduates of Mercer University
Hat tip WSJ

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