Bonus Quotation of the Day…
by Don Boudreaux
on January 19, 2018
… is from pages 118-119 of Thomas Sowell’s 2018 volume Discrimination and Disparities:
“Solutions” can be a society’s biggest problem – and especially governmental “solutions” – because government is essentially a categorical institution in an incremental world. When many desirable things compete for a share of inherently limited resources, individuals making decisions for themselves can make incremental trade-offs, giving up a certain amount of X to get a certain amount of Y – and at some point putting a stop to that particular trade-off, when they feel a need to conserve their dwindling supply of X and are approaching a more adequate supply of Y.
Government decisions, however, tend to be categorical: Things are either legal or illegal, and people are either eligible or ineligible for benefits provided by government.
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