Almost 100 years ago, a minister and outspoken advocate for liberty, William J. H. Boetcker, published a pamphlet of principles. These sound money management principles still hold true today. In light of our current economic crisis I think it appropriate to share Reverend Boetcker’s 10 Cannots with you.
You cannot bring about prosperity by discouraging thrift.
You cannot strengthen the weak by weakening the strong.You cannot help the poor man by destroying the rich.
You cannot build character and courage by taking away man’s initiative and independence.
You cannot help small men by tearing down big men.
You cannot lift the wage earner by pulling down the wage payer.
You cannot keep out of trouble by spending more than your income.
You cannot establish security on borrowed money.
You cannot help men permanently by doing for them what they will not do for themselves.
Wm. J. H. Boetcker, 1916
