Quotation of the Day…

by Don Boudreaux on April 5, 2021

in Competition, Virginia Political Economy

… is from page 179 of Richard Epstein’s magnificent 1995 book, Simple Rules for a Complex World:

An open market prevents any group from being shut off. Conversely, legislation allows any victorious coalition to push its opposition to the limit.

DBx: Or, as Steve Horwitz writes, “In Politics, Everyone has to Eat the Olives.


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