Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
ADAM SMITHNothing but the most exemplary morals can give dignity to a man of small fortune.
More Adam Smith Quotes
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The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
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Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it.
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With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
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A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.
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The rate of profit is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
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The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
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No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
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Defense is superior to opulence.
ADAM SMITH -
I have never known much good done by those who affected to trade for the public good.
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Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.
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Have lots of experiments, but make sure they’re strategically focused.
ADAM SMITH -
Nothing but the most exemplary morals can give dignity to a man of small fortune.
ADAM SMITH -
There is no art which government sooner learns of another than that of draining money from the pockets of the people.
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It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
ADAM SMITH -
Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.
ADAM SMITH







