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Quotation of the Day…

… is from page 98 of the 2007 3rd edition of Russell Roberts’s The Choice:

The road to wealth for a nation is quite simple. Use your resources wisely. By resources, I don’t just mean the traditional natural resources of fertile land, oil, and minerals, but the know-how, education, ingenuity, and drive of the people. Using your resources wisely means giving the people the incentive to work hard, to innovate, and to take risks. And opening your market to trade to allow your people to leverage the skills of the people in other nations. All rich nations where even the poorest people are relatively affluent have the rule of law, secure private property, relatively open borders to trade, and relatively free markets internally.