June 28, 2010
Munger in Fine Form
People on the left only believe in democracy as long as the majority agrees with them. As soon as the majority shows a mind of its own, it's time to bring out the guns.

Context.

Posted by E. Frank Stephenson at 09:30 AM

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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