Bonus Quotation of the Day…

by Don Boudreaux on April 19, 2017

in Myths and Fallacies, Other People's Money

… is from page 295 of Arnold Kling‘s 2004 book, Learning Economics:

416OArjHtnLAnyone who believes that we can afford collectively what we cannot afford individually is delusional.

DBx: Indisputably true.  This reality, alas, implies that a large number of people – likely a majority of the population, and without a doubt nearly all politicians, professors, and elite pundits – are delusional.


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