Quotation of the Day…

by Don Boudreaux on January 26, 2014

in Crony Capitalism, Politics

… is from David Boaz’s recent post, at Cato@Liberty, “Nightmare on K Street: Lobbying Revenue Drops a Bit“:

The most important factor in America’s economic future – in raising everyone’s standard of living – is not land, or money, or computers; it’s human talent. And every time some part of the human talent at another of America’s most dynamic companies is diverted from productive activity to protecting the company from political predation and even to engaging in a little predation of its own, it slows our economy down a bit. The parasite economy sucks in another productive enterprise, and we’ll all be poorer for it.

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