Adam SmithAdam Smith, (1723-1790) Scottish philosopher and economist

Adam Smith Quote

“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 expense. ... They are themselves always, and without exception, the greatest spendthrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs.”

Adam SmithAdam Smith
~ Adam Smith

Ratings and Comments

Mike, Norwalk

Keynesian economics is not only mentally dishonest, an illicit power exposition by supposed omnipotents and ministers, hypocritical and morally bankrupt, it is criminally anti-fiscal law. When you add a drunken with power spendthrift theocratic attitude to the pretending benevolent in charge of the purse strings (as is the case in the Union Socialists of Amerika), the end result against the private people is not a pretty thing.

jim k, Austin,Tx

Speaking of "spendthrifts", the U.S. Congress fits the bill perfectly. Then,of course, they blame the debt on everyone else but themselves.

Dr. Tom LaMar, Keeseville, NY

Yes, at least after overseeing the treaty of Versailles, he was quite properly concerned that he had just set up the next war, which he of course had, which must have added to his personal sense of monetary power mongering and "laisse faire" attitude (actually cavalier) toward the masses of the world that his tyrannical adherents could affect/infect through the "money created as debt" crowd, having just succeeded in duping the world through the Fed act of 1913 (in response to the engineered panic of 1907 ala JPM). At least the ranchers and miners of North Dakota had enough sense to rid themselves of these bilker-crats by establishing public banking there in 1919 as a total response to the possiblility of being "duped" as well. I wonder if that's why Arnold left the building, since now even Calif. and a few other states are contemplating saving their bacon with this move. BOND is the only state run bank in the country and is and has been solvent since it's beginnings so many years ago. There is hope if enough brave souls at the right levels of state government jump on before the train goes over the cliff perhaps? ...and I LOVE the boldness of some like Kucinich with his 111th HR6550 to rid the country of the entire national debt.... by printing TARP-like funds ! He WILL be THE genius in my book if he can pull off something like that. I fear that Ron Paul is too old to be effective...that's why he is let run amok so to speak, BUT I will support his candidacy if it comes to that. Who else do we have ?

jim k, Austin,Tx

Great question , Dr. Tom, who else do we have.

cal, lewisville, tx

Dr. Tom, jim K.-I sure like what Rand Paul is saying and he seems like a doer of what he says. We still have some hope in the future.

J Carlton, Calgary

Kings, Ministers and President presuming to watch over an economy is a preposterous notion on it's face. Canada's Prime Minister for example supposedly has not one, but two degrees in Economics and still promotes bail outs and money out of thin air spending. Obviously he is just another Globalist Meat Puppet working for the International Bankers.


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