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Adam Smith

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A man must be perfectly crazy who, where there is tolerable security, does not employ all the stock which he commands,...
--
Chapter I, p. 313 (see opportunity cost)

 
Adam Smith

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This gift... which God gave us in order to enable us to perfect ourselves, to learn and to teach, must not be employed in doing that which is for us most degrading and perfectly disgraceful... Those who employ the faculty of thinking and speaking in the service of that sense which is no honour to us, who think more than necessary of drink and love, or even sing of these things; they employ and use the divine gift in acts of rebellion against the Giver, and in transgression of his commandments.

 
Maimonides
 

Sir Walter Raleigh declared in the early 17th century that "whoever commands the sea, commands the trade; whosoever commands the trade of the world commands the riches of the world, and consequently the world itself." This principle is as true today as when uttered, and its effect will continue as long as ships traverse the seas.

 
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The ultimate aim of government is not to rule, or restrain, by fear, nor to exact obedience, but contrariwise, to free every man from fear, that he may live in all possible security; in other words, to strengthen his natural right to exist and work without injury to himself or others.
No, the object of government is not to change men from rational beings into beasts or puppets, but to enable them to develop their minds and bodies in security, and to employ their reason unshackled; neither showing hatred, anger, or deceit, nor watched with the eyes of jealousy and injustice. In fact, the true aim of government is liberty.

 
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The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.

 
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Since property here exists in the form of stock, its movement and transfer become purely a result of gambling on the stock exchange, where the little fish are swallowed by the sharks and the lambs by the stock exchange wolves.

 
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