Bonus Quotation of the Day…
by Don Boudreaux
on August 16, 2020
… is from pages 81-82 of the May 9th, 2020, draft of the important forthcoming monograph from Deirdre McCloskey and Alberto Mingardi, The Illiberal and Anti-Entrepreneurial State of Mariana Mazzucato:
Ronald Reagan, who about government knew a little, once commented that: “the best minds are not in government. If any were, business would steal them away.” Mazzucato, of course, would think his is merely a neo-liberal rant. But it is on the contrary a rather obvious market equilibrium, unless public service is in fact a way to get rents.
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