Status Updates From An Inquiry into the Nature ...
An Inquiry into the Nature and Causes of the Wealth of Nations by
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Jeff Ragan
is on page 51 of 468
"The most hazardous of all trades, that of a smuggler, though when the adventure succeeds it is likewise the most profitable, is the infallible road to bankruptcy. The presumptuous hope of success seems to act here as upon all other occasions, and to entice so many adventurers into those hazardous trades, that their competition reduces their profit far below what is sufficient to compensate the risk" (47).
— 4 hours, 22 min ago
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