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Quotation of the Day…

… is from pages 177 of my late Nobel-laureate colleague Jim Buchanan‘s 1973 paper “America’s Third Century in Perspective,” as this paper is reprinted in Vol. 19 (Ideas, Persons, and Events [2001]) of The Collected Works of James M. Buchanan:

Descriptively, we now live in what might best be called “constitutional anarchy,” where the range and the extent of federal government dominance over all our lives, over our private behavior, is largely dependent on the accidental preferences of politicians in judicial, legislative, and executive positions of power.  Increasingly, men feel themselves at the mercy of a faceless bureaucracy, itself irresponsible and subject to unpredictable twists and turns that destroy and distort personal and private expectations.


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