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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.

Adam Smith

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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Part
Wealth
Aristocracy
Economy
Inequality
Politics
Surely
Greater
Equality
Poor
Injustice
Society
Miserable
Happiness
Economics
Happy
Members
Flourishing

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The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.
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Every tax, however, is to the person who pays it a badge, not of slavery but of liberty. It denotes that he is a subject to government, indeed, but that, as he has some property, he cannot himself be the property of a master.
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A true party-man hates and despises candour.
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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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Men, like animals, naturally multiply in proportion to the means of their subsistence.
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When profit diminishes, merchants are very apt to complain that trade decays though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.
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