It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.
ADAM SMITH
ADAM SMITH
Adam Smith on economy
Adam Smith101 quotes“It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.”
More from Adam Smith
Labor was the first price, the original purchase – money that was paid for all things.
Adam SmithAdam Smith As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.
Adam SmithAdam Smith It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Adam SmithAdam Smith Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
Adam SmithAdam Smith There is no art which government sooner learns of another than that of draining money from the pockets of the people.
Adam SmithAdam Smith The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.
Adam SmithAdam Smith An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
Adam SmithAdam Smith Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
Adam SmithAdam Smith It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.
Adam SmithAdam Smith Beneficence is always free, it cannot be extorted by force.
Adam SmithAdam Smith 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 SmithAdam Smith The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
Adam SmithAdam Smith It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Adam SmithAdam Smith All money is a matter of belief.
Adam SmithAdam Smith Mercy to the guilty is cruelty to the innocent.
Adam SmithAdam Smith We are but one of the multitude, in no respect better than any other in it.
Adam SmithAdam Smith
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Benjamin NetanyahuBenjamin Netanyahu The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.
Bill O'ReillyBill O'Reilly I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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