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Quote:The statesman who would attempt to direct private people in what manner they ought to employ their capitals, would not only load himeslf with a most unnecessary attention, but assume an authority which could safetly be trusted to no council and 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]

Quote:The statesman who would attempt to direct private people in what manner they ought to employ their capitals, would not only load himeslf with a most unnecessary attention, but assume an authority which could safely be trusted to no council and 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]



Definitions of: senate

Definition: An assembly or council having the highest deliberative and legislative functions.

Definition: A body of elders appointed or elected from among the nobles of the nation, and having supreme legislative authority.

Definition: The upper and less numerous branch of a legislature in various countries, as in France, in the United States, in most of the separate States of the United States, and in some Swiss cantons.

Definition: In general, a legislative body; a state council; the legislative department of government.

Definition: The governing body of the Universities of Cambridge and London.

Definition: In some American colleges, a council of elected students, presided over by the president of the college, to which are referred cases of discipline and matters of general concern affecting the students.

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