Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
ADAM SMITHAll for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.
More Adam Smith Quotes
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Have lots of experiments, but make sure they’re strategically focused.
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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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The world neither ever saw, nor ever will see, a perfectly fair lottery.
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Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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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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Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
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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.
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Beneficence is always free, it cannot be extorted by force.
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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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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.
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
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Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
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The game women play is men.
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Defense is superior to opulence.
ADAM SMITH