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Quotation of the Day…

… is from page 647 of the late, great Armen Alchian’s November 9th, 1978, address to the Southern Economic Association titled “Private Rights to Property: The Basis of Corporate Governance and Human Rights,” as this address appears in volume 2 of The Collected Works of Armen A. Alchian (2006):

Our political leaders, current and past, sanctimoniously revile foreign politicians for suppressing human rights. Russia, South Africa, Chile, Poland, you name them. And rightly so. But our politicians make a joke of their own actions. At the same time they are criticizing other countries, they are imposing more restraints on our human rights by reducing private property rights, which I regard as fundamental to the exercise of human rights, civil liberties and the dignity of man.


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