Quotation of the Day…

by Don Boudreaux on March 7, 2020

in Crony Capitalism, Other People's Money, Subsidies, Trade

… is from page 249 of the late Harvard historian Richard Pipes’s excellent 1999 volume, Property and Freedom:

[W]elfare programs have made citizens more concerned with what the state gives than with what it takes.

DBx: And this dangerous truth holds for tariffs, export subsidies, and other forms corporate welfare – even when camouflaged by the name “industrial policy” – as it does for cash handouts to low-income individuals and households.


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