Bonus Quotation of the Day…

by Don Boudreaux on February 6, 2022

in Prices, Reality Is Not Optional, Seen and Unseen, Work

… is from page 143 of my late, great colleague Walter Williams’s superb 1982 book, The State Against Blacks (footnote deleted):

Herein lies the power of the market. People can offset some of their handicaps by offering a higher price for what they buy or a lower price for what they sell. Many well-meaning people are morally outraged by such a necessity. But the fact of the business is that if handicapped people are not permitted to use price as a bargaining tool, they may very well end up with none of what they want as opposed to some [of what they want].

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