Have lots of experiments, but make sure they’re strategically focused.
ADAM SMITHAs 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.
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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A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.
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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 SMITH -
All money is a matter of belief.
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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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Science is the great antidote to the poison of enthusiasm and superstition.
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In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.
ADAM SMITH -
No complaint is more common than that of a scarcity of money.
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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
ADAM SMITH -
Mercy to the guilty is cruelty to the innocent.
ADAM SMITH -
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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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.
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It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
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The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.
ADAM SMITH -
We are but one of the multitude, in no respect better than any other in it.
ADAM SMITH