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Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.
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
Economy
Instituted
Rich
Individualism
Poor
Libertarian
Reality
Civil
Government
Defense
Property
None
Security
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China is a much richer country than any part of Europe.
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We are but one of the multitude, in no respect better than any other in it.
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Defense is superior to opulence.
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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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Problems worthy of attacks, prove their worth by hitting back
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Consumption is the sole end and purpose of all production and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
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With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
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The importation of gold and silver is not the principal, much less the sole benefit which a nation derives from its foreign trade.
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The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
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The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
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The tolls for the maintenance of a high road, cannot with any safety be made the property of private persons.
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In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.
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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
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The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.
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Mercy to the guilty is cruelty to the innocent.
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Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
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