"There ought to be no laws to guarantee property against the folly of its possessors"

This quote by William Graham Sumner recommends that people should be responsible for their own residential or commercial property and not depend on laws to secure them from their own errors. Sumner is implying that individuals should be held accountable for their own actions and not rely on the federal government to bail them out. He thinks that laws should not be utilized to protect individuals from their own foolishness, but rather that individuals should be responsible for their own decisions and the repercussions that include them. This quote is a suggestion that people should be held responsible for their own actions and not count on the government to safeguard them from their own mistakes. It is a pointer that individuals must be responsible for their own decisions and the repercussions that come with them.