Quotation of the Day…

by Don Boudreaux on July 7, 2013

in Other People's Money, Politics

… is from pages 113-114 of Stephen Magee’s 2013 article “Lawyers as Spam,” which is chapter 4 in The American Illness (F. H. Buckley, ed., 2013):

Lobby groups in Washington get special-interest legislation passed that transfers wealth away from disorganized voters, taxpayers, and future generations.  These transfers dwarf criminal activity in the economy.  The problem is that the public purse is a commons that invites a feeding frenzy by organized lobbies.  The result is collective irresponsibility manifested by federal budget deficits for 53 out of the past 60 years.

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