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Bonus Quotation of the Day…

… is from page 445 of Thomas Sowell’s May 2004 conversation with Milton Friedman about the great development economist Peter Bauer, as a transcript of this conversation appears in the Fall 2005 issue of the Cato Journal; the remark is Sowell’s:

The other thing that Peter Bauer used to talk about was the overpopulation hysteria. He had all kinds of information on this, pointing out that famines don’t occur in overpopulated countries: they typically occur in thinly populated countries with lots of empty space and lots of unused land. The overpopulation theory is, I think, one of the miracles of the history of ideas. It’s more than 200 years old today, it is still going strong, and it’s had 200 years of evidence against it piling up. And yet, it just keeps right on going.

DBx: Pictured here is Peter Bauer.