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November 23, 2008
Sunday
 
 
Samizdata quote of the day
Johnathan Pearce (London)  Slogans/quotations

"There is no art which one government sooner learns of another, than that of draining money from the pockets of the people."

- The Wisdom of Adam Smith, page 194.

Comments

Of course, reading Bastiat's The Law first makes the reasons why this is true, so very clear.


Posted by darthlaurel at November 23, 2008 09:53 PM

When we read about "stimulus" payments, one is struck by the realization that what is occurring is essentially a return to taxpayers of monies paid in. But, of course that "money" was spent and used within the "bureaus," so it is a transfer of the prior taxation to a subsequent period (and later payors).

Now ! That's really stimulating !!!


Posted by RRS at November 24, 2008 03:24 AM

How quaint of Adam Smith! Governments don't need to LEARN this- they know it by morphic resonance! Or contagious memes!


Posted by Superautonomist! at November 27, 2008 05:30 AM
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