June 28, 2007
Rizzo vs. Summers

In a letter to the Financial Times, my former colleague and ongoing book-series co-editor Mario Rizzo takes Larry Summers down a peg regarding the case for more redistribution of income.

Hat tip: Mario Rizzo

Posted by Lawrence H. White at 10:48 AM

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. -Adam Smith

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