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Quotation of the Day…

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… is from page 921 of Book V, Chapter iii [2] of the 1981 Liberty Fund edition [3] of Adam Smith’s 1776 masterpiece, An Inquiry Into the Nature and Causes of the Wealth of Nations [4]:

When a nation is already overburdened with taxes, nothing but the necessities of a new war, nothing but either the animosity of national vengeance, or the anxiety for national security, can induce the people to submit, with tolerable patience, to a new tax.

DBx: Today’s date is the one given on Adam Smith’s gravestone [5] as the Great Scot’s birthday.

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