Day by day, as we witness the growing loss of our freedom and property (pursuit of happiness), it is important to remember the wisdom of economist Adam Smith.
"It is the highest impertinence and presumption… 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."
"The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it."
Runaway spending and crushing debt, the burden to businesses (and individuals) of high taxes and over-regulation, the federal stranglehold on domestic energy resources, QE2 (printing money to purposefully devalue our currency), an American military stretched thin amidst wars in four Middle Eastern countries, an ever-expanding Executive Branch at the cost of an increasingly irrelevent Congress, inflation... and on and on.
May the Lord bless us in the days and weeks ahead.
