Quotation of the Day…
by Don Boudreaux
on November 10, 2019
… is from James Madison’s Federalist 62 (original emphasis):
Another effect of public instability, is the unreasonable advantage it gives to the sagacious, the enterprising, and the monied few, over the industrious and uninformed mass of the people. Every new regulation concerning commerce or revenue, or in any manner affecting the value of the different species of property, presents a new harvest to those who watch the change, and can trace its consequences; a harvest, reared not by themselves, but by the toils and cares of the great body of their fellow-citizens. This is a state of things in which it may be said, with some truth, that laws are made for the few, not for the many.
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