Quotation of the Day…

by Don Boudreaux on September 26, 2011

in Other People's Money, Politics, Reality Is Not Optional

… is from page 25 of Mark Pennington’s important new book, Robust Political Economy:

From a public choice perspective, the political process externalises costs because people vote for things that will be paid for by others.  Access to benefits provided by the state constitutes an ‘open access’ resource.


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