January 30, 2009
Some folks noticed

I was one of 200 economists to sign the Cato petition, which ran as a full-page ad in the New York Times and Washington Post, opposing the "stimulus" (pork) bill. Many bloggers took notice of the petition. Today the online Wall St. Journal ran a story featuring a photo of three Republican senators holding up a copy of the ad.

Posted by Lawrence H. White at 06:16 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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