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Quotation of the Day…

… is from page 200 of the 2016 Mercatus Center re-issue of my late colleague Don Lavoie’s penetrating 1985 volume National Economic Planning: What Is Left?:

What the diversity of this collection of planning advocates suggests is the kind of intense conflict we can expect over control of a new RFC [Reconstruction Finance Corporation] agency. Notwithstanding the insistence by all planning advocates that one of the main purposes of setting up such an agency is to explicitly resolve conflicts among special interests, what they are really doing is holding out a new and very tempting prize for such divergent interests to struggle over.