Adam Smith Archives - Granite Grok

Adam Smith

Liberty behind a fence - Free Image antonio ferreira

Notable Quote – Limiting Restrictions on Liberty is always a “Public Good”

The restrictions on ‘natural liberty’ surely constitute ‘public bads’, from which it follows that their removal would be equivalent to the production of ‘public goods’. And surely these ‘public goods’ would increase the utility of persons in the community more than the sometimes piddling adjustments that are suggested for correcting minor market distortions. Smith would …

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Notable Quote – Adam Smith

The person who employs his stock in maintaining labour, necessarily wishes to employ it in such a manner as to produce as great a quantity of work as possible. He endeavours, therefore, both to make among his workmen the most proper distribution of employment, and to furnish them with the best machines which he can …

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Notable Quote – Adam Smith

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. The patrimony of a poor man lies in the strength and dexterity of his hands; and to hinder him from employing this strength and dexterity in what …

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Notable Quote: Adam Smith – The Avarice of ‘Princes’

…for in every country of the world, I believe, the avarice and injustice of princes and sovereign states, abusing the confidence of their subjects, have by degrees diminished the real quantity of metal, which had been originally contained in their coins. … By means of those operations, the princes and sovereign states which performed them …

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Notable Quote: Adam Smith

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their own interest.  We address ourselves, not to their humanity, but to their self love, and never talk to them of our own necessities, but of their advantages.  Nobody but a beggar chooses to …

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Yesterday was Chick-Fil-a day! And a hateful CFO is getting canned?

Update:  Yes, for the hate filled rant below, Adam Smith is no longer the CFO at Vante.  Thanks to the commentors for confirming it! “Always tastes better when it is full of hate!” All the way down to DC, I kept hearing how Conservative folks have been flocking (pun intended) to Chick-Fil-A outlets to support …

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