July 22, 2007
Will Canadian senior citizens be an effective lobby for lower inflation?

David Laidler hopes so. He also hopes for a price-level target rather than an inflation-rate target. His full commentary is here.

Posted by Lawrence H. White at 05:20 PM in Economics

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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