In my latest National Post column I say GM closing plants after swallowing huge government subsidies teaches a sharp lesson… for those willing to learn.
“No society can be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, cloath and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, cloathed and lodged.”
Adam Smith, quoted in Lionel Robbins The Theory of Economic Policy in English Classical Political Economy
In my latest National Post column I say Brexit turned into an incomprehensible, messy train wreck because the people meant to be taking Britain out of the European Union didn’t have faith in Britain as a sovereign nation.
“Suppose the government wants to build a highway through my house. Suppose also that they give me the fair market value for my land. This is obscene profit. Obviously I value my land more than the fair market value. If not, I would have sold it.”
R.C. Sproul, Jr. in The Freeman November 1994