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Quotation of the Day…

Posted By Don Boudreaux On October 6, 2013 @ 8:19 am In Nanny State,Regulation | Comments Disabled

… is from an 1807 letter from U.S. Treasury secretary Albert Gallatin to Pres. Thomas Jefferson; it is quoted on page 24 of George H. Smith’s excellent 2013 book, The System of Liberty [1]:

Government prohibitions do always more mischief than had been calculated; and it is not without much hesitation that a statesman should hazard to regulate the concerns of individuals as if he could do it better than themselves.

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[1] The System of Liberty: http://www.amazon.com/System-Liberty-History-Classical-Liberalism/dp/0521182093/ref=la_B00ABPSOQ6_1_1_title_0_main?s=books&ie=UTF8&qid=1381062022&sr=1-1

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