… is from page 186 of 1992 Nobel-laureate Gary Becker’s November 1st, 1993, column titled “Memo To Clinton: Japan Inc. Didn’t Make Japan Strong,” as this column is reprinted in Gary and Guity Nashat Becker’s 1997 book, The Economics of Life:
The Western experience shows that government officials who spend taxpayers’ money tend to make worse investments than private investors who spend both their own money and funds raised from banks and stockholders.
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