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Bonus Quotation of the Day…

… is from page 4 of the June 2022 typescript of Deirdre McCloskey’s paper, forthcoming in the Erasmus Journal, “Most Policy is Impossible”

State power, unlike the non-power power of rivalrous companies, consists of physical coercion or its threat. Shoe companies offer you a deal. States offer to jail and execute you. Such power tends to corrupt.