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Thought To Ponder
It is worthwhile to remark that a product is no sooner created than it, from that instant, affords a market for other products to the full extent of its own value. When the producer has put the finishing hand to his product, he is most anxious to sell it immediately, lest its value should diminish in his hands. Nor is he less anxious to dispose of the money he may get for it; for the value of money is also perishable. But the only way of getting rid of money is in the purchase of some product or other. Thus the mere circumstance of creation of one product immediately opens a vent for other products.
J.B. Say, 1803
The Nassau Institute is an independent, a-political, non-profit institute that promotes economic growth in a free market economy with limited government, in a society that embraces the rule of law and the right to private property.
To see The Bahamas become the first small, developed, sovereign country in the region, recognized as a model for the world.
• Video: Pat Rahming on A Downtown in Transition: Rebuilding the Family Business
On Thursday, February 20, 2014, Patrick Rahming spoke at an event at the Nassau Yacht Club, hosted by The Nassau Institute.
The title of his discussion is A Downtown in Transition: Rebuilding the Family Business.
Here's a summary:
What is a Downtown? After twenty years, why is Downtown Revitalization so difficult to see? Are we headed in the “right” direction? Pat Rahming explores the meaning of a Downtown, and offers suggestions for the direction of the present Downtown as it moves from being a Downtown to a Tourist Destination.
About Pat Rahming
Simply put, "Pat" is an architect, poet, singer, songwriter with ideas for improvement.
• Economic Empowerment
The Nassau Institute
Politicians use phrases like "economic empowerment" without defining the term or how this ideal will be accomplished. Do they intend using the coercive power of government to take from some and give to others, or do they mean non-interference with the market - the only impartial means to real "economic opportunity"?
Frederic Bastiat - French Economist, Statesman and Author.
In 1850 Bastiat wrote The Law and clearly shows that when socialist policies that have political appeal are used coercively by the state, they lead to undesirable ends.
He states: "Law is justice.