It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but...
Adam Smith long ago recognized that “natural liberty,” which resulted from eliminating unjustified preferences and restraints, needed a government far smaller than one requiring innumerable regulations and mandates as well as trillions of dollars of taxes each year....
This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals.
Stay Up to Date With The Latest News & Updates
Access Premium Content
Join our Learning Network and Access some great content.
Join our Learning Network on Facebook and Youtube.