November 17, 2008
Bailouts of Everything: Olympics Edition

Skip Sauer points to articles indicating that the Vancouver and London Olympic organizers have outstretched palms.

Anyone else feeling like The Forgotten Man these days?

Posted by E. Frank Stephenson at 12:50 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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