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View Diary: Crumbs much too small for the other Whos' mouses (199 comments)

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  •  When my mother taught High School civics (7+ / 0-)

    she knew that she had to wake up the students first. So she started by saying, "Everybody knows that aristocracy is the best possible form of government, as long as they and their friends get to be the aristocrats."

    Here is Adam Smith, who is often put forward as the apostle of pure Laissez-Faire, in Wealth of Nations.

    Everything for ourselves, and nothing for other people, seems, in every age of the world, to be the vile maxim of the masters of mankind.
    The whole point of Wealth of Nations is that wealth is in its nature not money, but capacity to produce and distribute what people need.

    Queued to Keynesian Kossacks.

    America—We built that!

    by Mokurai on Sun Dec 16, 2012 at 10:01:15 AM PST

    [ Parent ]

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