Bonus Quotation of the Day…

by Don Boudreaux on November 16, 2019

in Crony Capitalism, Hubris and humility, Seen and Unseen

… is from page 127 of Deirdre McCloskey’s 2019 volume, Why Liberalism Works: How True Liberal Values Produce a Freer, More Equal, Prosperous World for All:

Our leaders, such as the Chinese Communist Party with its illiberal projects of high-speed rail and unprofitable state-owned enterprises, buy their power and prestige with our money. They “create jobs” that shouldn’t have been, and that make us poorer, not richer.


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