right on

We could learn so much from history if we choose to acknowledge the wisdom of those who have lived before us. I’ve been reading P.J. O’Rourke’s On the Wealth of Nations, a condensed version of the famous economist Adam Smith’s Wealth of Nations. Only P.J. O’Rourke could get me to read a book about economic theory in my spare time. He’s always a must-read.

Here’s an interesting 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 any exception, the greatest spendthrifts in the society. Let them look well after their own expense, 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
The Wealth of Nations, Book II, Chapter III