Thursday, December 15, 2011

Quotes of the Day - OPM (other people's money)

"What is common to many is least taken care of, for all men have greater regard for what is their own than what they possess in common with others." ~ Aristotle

"Nothing is easier than spending public money. It does not appear to belong to anybody. Temptation is overwhelming to bestow it on somebody." ~ Calvin Coolidge

"It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy private people, and to restrain their expence, either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expence, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will." ~ Adam Smith

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