Today a follower alerted me to this passage in the Wealth of Nations by Adam Smith.
— Rob Henderson (@robkhenderson) March 3, 2023
Smith describes how the wisest among the poor understood that if they imitated the luxury beliefs and indulgent lives of the rich, they would quickly meet their ruin.
It was published in 1776. pic.twitter.com/5ZBudbkRfr
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