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lark 1
Good on you for reading Smith. I have read Marx but alas, (blush) have yet to read the Wealth of Nations. Definitely, on my reading list. These excerpts and your comments are profound. Thanks.
Posted by lark on July 29, 2013 at 10:31 AM · Report this
Goldy 2
The secret to reading Wealth of Nations is to pick it up and read it in small pieces at random. I keep a copy in the door pocket of my car, ready to read when needed.
Posted by Goldy on July 29, 2013 at 10:38 AM · Report this
Supreme Ruler Of The Universe 3

Fairly constituted Property Taxes would solve all this.

Washington does not have fair property taxes.

Repeal 84.55 Now!

Chapter 84.55 RCW
Posted by Supreme Ruler Of The Universe on July 29, 2013 at 10:47 AM · Report this
Will in Seattle 4
Have to agree that reading all seven of Adam Smith's books is highly recommended
Posted by Will in Seattle on July 29, 2013 at 12:00 PM · Report this
I've read Adam Smith, so I'm not overly impressed by him, only all those stooges (like Mitt Romney) who have never read him and most egregiously misquote him!

Far more important, IMHO, would be to read Ferdinand Lundberg's The Rich and the Super-Rich, as well as Forrest McDonald's biography on Alexander Hamilton, and Donald Gibson's Wealth, Power and the Crisis of Lassez Faire Capitalism, and everything the greatest economist in America, Thorstein Veblen, ever wrote.

Adam Smith is overrated, although I agree with his opinions on speculators and certain other progressive insights.

But free markets will never exist......
Posted by sgt_doom on July 29, 2013 at 5:03 PM · Report this

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