Bonus Quotation of the Day…
by Don Boudreaux
on May 25, 2020
… is from page 48 of the May 9th, 2020, draft of the forthcoming monograph from Deirdre McCloskey and Alberto Mingardi, The Illiberal and Anti-Entrepreneurial State of Mariana Mazzucato:
Some rich kids will do well: being born to an affluent father does not inevitably imply stupidity. Some others will do badly and fail. That he or she fails, despite coming from a position of privilege, suggests that the market economy does not bow to privilege per se. Yet what State does not bow to privilege?
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