Bonus Quotation of the Day…

by Don Boudreaux on April 2, 2016

in Myths and Fallacies

… is from page 81 of Leland Yeager’s and David Tuerck’s 50-year-old but still-vital 1966 volume, Trade Policy and the Price System:

[T]he case for democracy is simply a case for making political decisions by one particular kind of rules rather than another; it is not a case for unnecessarily politicizing more and more aspects of life.  This distinction unmasks the familiar demands for “democratizing” something or subjecting something to “democratic control,” which means government control.  The distinction also reveals how illogical or disingenuous the phrase “economic democracy” is; such pairings of adjective and noun as “culinary monarchy,” “chemical theocracy,” or “meteorological dictatorship” are hardly less meaningful.


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