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Quotation of the Day…

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… is from page 75 of my late Nobel laureate colleague James Buchanan [2]’s 1986 paper “Notes on Politics as Process,” as this paper is reprinted in James M. Buchanan, Politics as Public Choice [3] (2000), which is volume 13 of the Collected Works of James M. Buchanan [4]:

Politics that is confined to a few and well-defined tasks cannot be seriously predatory.

The American founders seemed to recognize this simple truth.  Modern political scholars do not.

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