In my latest National Post column I say the idea of a government cartel to reduce oil production in Alberta is at least as bad as it sounds.
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