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Regulation

January 2nd, 2009 Leave a comment Go to comments

“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 expence, either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expence, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will.” —Adam Smith

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  1. cerulean1
    January 2nd, 2009 at 22:39 | #1

    This couldn’t have ANY relevance to modern society, could it? 😉

    A valuable civics lesson every politician should sit and watch once a week:

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