Unjust Enrichment Quotes



the prophet was hostile to all forms of monopoly which in his time for almost always granted through political corruption and favoritism. Before Christians even considered the issue, Islam considered monopolies anti-consumer and contrary to the interests of the Muslim society.


The President was a great reformer who faced the corruption problem squarely when he assumed office and made stunning reforms rapidly to where Georgia became a model of what could be done to reform a corrupt culture.


The States sold bonds to finance the Revolutionary War. Some states had better prospects for redeeming their bonds than others. Georgia, South Carolina and North Carolina in particular had poorer prospects than most and their bonds were selling at about 25 cents on the dollar. Alexander Hamilton, then the Secretary of the Treasury, wanted the new Federal government to assume the state’s war debt and pay off the bonds. He made his proposal for how he would accomplish this on January 14, 1790. He delivered his report and proposal to Congress “Report on the Public Credit”. As soon as Hamilton’s proposal was read in Congress, sophisticated speculators set off for the Southern States to buy up as many bonds as they could before the owners found out that a Federal bail-out was under serious consideration. They could easily double, triple or even quadruple their money. To Jackson this was gross immorality. Other representatives had a different point of view. See {619928} & {619939}.


The senator proposed this variation to the ancient Roman maxim in connection with the transfer of Lithuania from Nazi Germany to Stalinist Russia.