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Saturday, June 13, 2009

Adam Smith Quote

The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an author-ity which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a many who had folly and presump-tion enough to fancy himself fit to exercise it.


The Wealth of Nations, Book IV, Chapter II Source: http://www.adamsmith.org/smith/quotes.htm#jump12

1 comment:

  1. I think that (individual) 3rd grade economics is sound. If you want to buy a bike, then mow alot of lawns. If you want a kool-aid stand, put the money for overhead (kool-aid, paper cups, sugar) back into the shoe-box before you buy that super hero kite. And the kool-aid proceeds should go to those who help clean up the sticky stuff at the ending...not necessarily to all of those who sat in the shade and snickered. Even a third grade paper-boy knows how he wants to spend his own money and after riding around the neighborhood early every morning he has had plenty of time to figure it all out.

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