Wednesday, March 23, 2011

Quote of the day - Spendthrifts

"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

Of course their extravagance is done with other people's money and will eventually ruin this country. We cannot continue down the path we are going, yet no one seems willing to stomp on the brakes.

No comments: