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Quotation of the Day…
Posted By Don Boudreaux On May 18, 2012 @ 5:23 pm In Other People's Money,Politics,Reality Is Not Optional | Comments Disabled
… is from page 291 of the 1965 paperback edition of Jim Buchanan’s and Gordon Tullock’s justly celebrated 1962 classic, The Calculus of Consent ; it’s especially germane to any discussions that take place today regarding Europe’s and America’s efforts at fundamental fiscal reform (emphasis added):
It seems sheer folly to expect that the interest groups will, unilaterally and independently, exercise sufficient self-restraint, given existing rules. To expect them to do so amounts to expecting them to act contrary to their raison d’être.
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URL to article: http://cafehayek.com/2012/05/quotation-of-the-day-293.html
URLs in this post:
 The Calculus of Consent: http://www.amazon.com/Calculus-Consent-Selected-Gordon-Tullock/dp/0865975329/ref=sr_1_1?s=books&ie=UTF8&qid=1337376142&sr=1-1
 Milton Friedman: http://www.econlib.org/library/Enc/bios/Friedman.html
 “cats don’t bark: http://www.freerepublic.com/focus/f-news/1675277/posts
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