Bonus Quotation of the Day…
by Don Boudreaux
on November 12, 2016
… is from page 99 of Arnold Kling’s excellent new book, published this year, Specialization and Trade: A Re-introduction to Economics:
Government enforcement of the basic social rule puts the rulers in the position of deciding what constitutes cooperation and what constitutes defection. It is always tempting for a government official to reward mere personal loyalty as if it were social cooperation and to punish dissent as if it were social defection.
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