Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
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.
Adam Smith
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Worked
Fiat
Fool
Minority
Fools
Generations
Minorities
Money
Rewards
Problem
Handle
Saved
Generation
More quotes by Adam Smith
No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed and lodged.
Adam Smith
Avarice and injustice are always shortsighted, and they did not foresee how much this regulation must obstruct improvement, and thereby hurt in the long-run the real interest of the landlord.
Adam Smith
But though empires, like all the other works of men, have all hitherto proved mortal, yet every empire aims at immortality.
Adam Smith
The world neither ever saw, nor ever will see, a perfectly fair lottery.
Adam Smith
It is not for its own sake that men desire money, but for the sake of what they can purchase with it.
Adam Smith
In every part of the universe we observe means adjusted with the nicest artifice to the ends which they are intended to produce and in the mechanism of a plant, or animal body, admire how every thing is contrived for advancing the two great purposes of nature, the support of the individual, and the propagation of the species.
Adam Smith
Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
Adam Smith
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.
Adam Smith
Man, an animal that makes bargains.
Adam Smith
Labor was the first price, the original purchase - money that was paid for all things.
Adam Smith
The cheapness of wine seems to be a cause, not of drunkenness, but of sobriety. ...People are seldom guilty of excess in what is their daily fare... On the contrary, in the countries which, either from excessive heat or cold, produce no grapes, and where wine consequently is dear and a rarity, drunkenness is a common vice.
Adam Smith
To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should never be established in it.
Adam Smith
Now many such things may be done without intitling the people to rise in arms. A gross, flagrant, and palpable abuse no doubt will do it, as if they should be required to pay a tax equal to half or third of their substance.
Adam Smith
Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
Adam Smith
The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
Adam Smith
The great affair, we always find, is to get money.
Adam Smith
On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
Adam Smith
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Adam Smith
The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating.
Adam Smith
The natural effort of every individual to better his own condition is so powerful that it is alone, and without any assistance, capable not only of carrying on the society to wealth and prosperity, but of surmounting 100 impertinent obstructions with which the folly of human laws too often encumbers its operations.
Adam Smith
