Bonus Quotation of the Day…

by Don Boudreaux on June 1, 2021

in Budget Issues, Virginia Political Economy

… is from page 143 of Thomas Sowell’s 1980 magnum economic opus, Knowledge and Decisions:

A government bureaucracy, which can dispense its goods or services below cost – including at zero price, in some cases – can always demonstrate a large “need” for its output, and therefore a “justification” for a large staff and budget.


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