Bonus Quotation of the Day…

by Don Boudreaux on February 1, 2023

in Seen and Unseen, Virginia Political Economy

… is from page 171 of Thomas Sowell’s 1983 book, The Economics and Politics of Race: An International Perspective:

Benefits earmarked for a particular group are especially helpful for that group’s political leadership, even if these benefits are less valuable than alternative benefits the group might have obtained by alternative policies benefiting the society as a whole. Moreover, the attempt to obtain earmarked benefits may arouse far more opposition from other groups, therefore reducing the likelihood or the magnitude of such benefits, but they are still in the interest of the group’s political leaders. If the group benefits as members of the larger society, that is no feather in the cap of racial or ethnic leaders.

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