November 19, 2008
Walter Block does a Larry Summers
Dear Members of the Loyola [College in Maryland] Community:

The officials and members of the Adam Smith Society and the Economics faculty wish to apologize for the insensitive and incorrect remarks made Thursday, Nov. 6 by invited speaker Professor Walter Block of Loyola University New Orleans.

Walter's take and reaction is found here.

Posted by Robert Lawson at 08:27 AM 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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