Adam Smith defends Elizabeth Warren

[PosterChild]

From The Wealth of Nations, Book II, Chapter II - Of Money considered as a particular branch of the general stock of the society:

To restrain private people, it may be said, from receiving in payment the promissory notes of a banker, for any sum whether great or small, when they themselves are willing to receive them; or, to restrain a banker from issuing such notes, when all his neighbors are willing to accept of them, is a manifest violation of that natural liberty which it is the proper business of law, not to infringe, but to support. Such regulations may, no doubt, be considered as in some respect a violation of natural liberty. But those exertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments; of the most free, as well as of the most despotical. The obligation of building party walls, in order to prevent the communication of fire, is a violation of natural liberty, exactly of the same kind with the regulations of the banking trade which are here proposed.

So sayeth the originator of the "invisible hand."

[MADem]

1. She can defend herself without any trouble. She's certainly not a shrinking violet. nt

[PosterChild]

2. True, that (nt)

[pansypoo53219]

3. BUTBUTBUT THAT would be SOCialism=commie shit!

[PosterChild]

4. Oh Nos!!! A spectre is haunting Europe —

— the spectre of the invisible hand!!!!