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Quotation of the Day…

… is from page 274 of the 2003 Cato Institute edition of Johan Norberg’s great 2001 book, In Defense of Global Capitalism:

The notion that the market forces countries to adopt certain policies has, it seems to me, been created by craven politicians. Lacking the energy or the ability to justify the choice to adopt a policy of fiscal restraint or to liberalize, politicians declare such measures necessary, forced upon them by globalization. This is a handy cop-out, and a denigration of the market economy into the bargain.