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.
ADAM SMITHMercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
More Adam Smith Quotes
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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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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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Have lots of experiments, but make sure they’re strategically focused.
ADAM SMITH -
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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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
ADAM SMITH -
No complaint is more common than that of a scarcity of money.
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Individual Ambition Serves the Common Good.
ADAM 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.
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The division of labour was limited by the extent of the market.
ADAM SMITH -
Corn is a necessary, silver is only a superfluity.
ADAM SMITH -
In a militia, the character of the laborer, artificer, or tradesman, predominates over that of the soldier: in a standing army, that of the soldier predominates over every other character.
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We are but one of the multitude, in no respect better than any other in it.
ADAM SMITH -
Mercy to the guilty is cruelty to the innocent.
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By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
ADAM SMITH -
A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.
ADAM SMITH