Sunday, January 11, 2009

FFF and Adam Smith

From recent edition of the Email Update from the Future of Freedom Foundation:

Thursday, January 1, 2009

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 authority 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 man who had folly and presumption enough to fancy himself fit to exercise it.

— Adam Smith, An Inquirey into the Natureand Causes of the Wealth of Nations [1776]

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