Quotation of the Day…

by Don Boudreaux on May 26, 2023

in Seen and Unseen

… is from page 52 of my late, great colleague Walter Williams’s 2011 book, Race & Economics:

Income-subsidy programs disguise the true effects of labor market restrictions created by unions and other economic agents by casting a few crumbs to those denied jobs in order to keep them quiet, thereby contributing to the creation of a permanent welfare class.

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