"Where else would you go when you have an ax to grind?"

Friday, March 20, 2009

The invisible hand of the market is giving AIG the finger

"Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all.

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

The proposal of any new law or regulation which comes from [businessmen], ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it."

So just who is this commie socialist slimeball, you ask? Adam Smith in The Wealth of Nations (first book, chapter 11, last section).

All credit goes to Dr. Dick, winner of all threads everywhere.

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