July 14, 2008
Best Sentence I've Read Today*

Sound advice from Bryan Caplan, on buying a house:

Don't buy a house you might not be able to afford by signing a contract you can't explain to your friends.


*--Marginal Revolution (as always).

Posted by Art Carden at 06:51 PM 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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