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Quotation of the Day…

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…is from page 151 of Cass Sunstein’s superb 2005 book, Laws of Fear [2]:

Regulation amounts to a forced exchange; it tells people that they must purchase certain benefits for a certain amount.

DBx: Yes. And so how very ironic is the reality that many of the professors and pundits who are most quick to call for government to regulate justify their policy preferences by asserting that government action is necessary to prevent some people from unilaterally imposing costs on other people?

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