Tuesday, February 8, 2011

Obama vs. The Invisible Hand

Who is the wiser?

Barack Obama, 2010:
Ask yourselves what you can do for America. Ask yourselves what you can do to hire American workers, to support the American economy, and to invest in this nation.
Adam Smith, 1776:
By pursuing his own interest he [the business person] frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
 Credit: Donald Boudreaux, Professor of Econ., George Mason University

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