Bonus Quotation of the Day…

by Don Boudreaux on August 28, 2019

in Energy, Seen and Unseen, Standard of Living, The Profit Motive

… is from Alex Epstein, as quoted in William McGurn’s excellent celebration, in today’s Wall Street Journal, of David Koch’s achievements:

When we hear that David Koch was a profit-seeking oil refiner we should feel not contempt and blame but admiration and gratitude. While oil refining, one of the key businesses of Koch Industries, is treated as shameful, it is one of the world’s most life-giving businesses. Every product and service we use is better and cheaper because of oil power—from the food we eat to the vacations we take to all the amazing items we buy on Amazon.

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