December 02, 2007
Organized vagrants? c. 1907

An interesting story in the Dec. 2, 1907 NYT:

"Doc" Reitman, a victim of "ambulatory automatism," has struck town...He is the President of the Chicago branch of the Brotherhood Welfare Association, the National organization of the people in this country without visible means of support.

Posted by Craig Depken at 08:41 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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