Harry Reid: “a great book, certainly a classic, was written in 1776 by Adam Smith called ``The Wealth Of Nations.'' This was the…”

“a great book, certainly a classic, was written in 1776 by Adam Smith called ``The Wealth Of Nations.'' This was the first time it was put down on paper that someone understood, from an economist's point of view, what the free enterprise system was and could be, and that is the basis for our country, this free enterprise system we hear so much about, capitalism, free markets. That is, in effect, what this debate is all about. It is about free markets; what people have the right to do and not do. We have given an illustration of baseball players and other court cases. The top 10 executives, as far as compensation in 2003, made about $14.6 million a month. That is what they made. I think my math is right. No, the top 10 executives made last year about $600 million. That is a whole lot of money, as we know. Is that too much money, more than half a billion dollars for the top 10 corporate executives in America to make? As I said before, I think so, but what right do I have to go to Nevada businesspeople--take, for example, the MGM corporation.”