- Cafe Hayek - https://cafehayek.com -

Quotation of the Day…

Tweet [1]

… is from page 356 of my colleague Larry White’s new book, The Clash of Economic Ideas [2]:

Limiting government to efficient activity is itself an activity with the characteristic of a public good.

This fact is chief among the reasons why it is untrue that scientific economics ‘proves’ that government intervention is an appropriate antidote for market imperfections.