{"id":9406,"date":"2014-03-08T16:53:23","date_gmt":"2014-03-08T21:53:23","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9406"},"modified":"2014-03-08T16:53:23","modified_gmt":"2014-03-08T21:53:23","slug":"self-interest-adam-smith-the-wealth-of-nations","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/self-interest-adam-smith-the-wealth-of-nations\/","title":{"rendered":"Self-interest: Adam Smith, The Wealth of Nations"},"content":{"rendered":"<blockquote><p>It is not from the benevolence (kindness) of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>It is not from the benevolence (kindness) of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[128,3072,3402],"class_list":["post-9406","post","type-post","status-publish","format-quote","hentry","category-quotes","tag-adam-smith","tag-self-interest","tag-the-wealth-of-nations","post_format-post-format-quote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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To tax the bank deposits of savers sends an ominous message to the entire global investment community.\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6399,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/07\/mancur-olson-the-economist\/","url_meta":{"origin":9406,"position":3},"title":"Mancur Olson &#124; The Economist","author":"Colin Twiggs","date":"December 7, 2012","format":false,"excerpt":"Mancur Olson's 1998 obituary from The Economist sums up his beliefs as to why Germany and Japan made such startling recoveries after WWII while Britain, one of the victors, floundered. The conclusion was striking. Narrow, self-serving groups had an inherent, though not insuperable, advantage over broad ones that worry about\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45717,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/28\/australia-more-rate-hikes-or-tighter-liquidity\/","url_meta":{"origin":9406,"position":4},"title":"Australia: More rate hikes or tighter liquidity","author":"Colin Twiggs","date":"November 28, 2023","format":false,"excerpt":"The media focused on a passing \"dentists and hairdressers\" comment instead of the key message from Michele Bullock's address to Australian Business Economists. The new RBA governor highlighted three elements that point to inflation becoming increasingly demand-driven. First, inflation is broadly-based. 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