≡ Menu

Quotation of the Day…

… is from page 250 of Randy Holcombe’s Fall 2018 Independent Review paper “The Coase Theorem, Applied to Markets and Government“:

The very nature of government allows some to impose costs on others.

DBx: True dat – making especially ironic the knee-jerk conclusion of most economists and political philosophers that, if we are to prevent some people from unilaterally imposing costs on other people, we must turn to government to supply such prevention.

Next post:

Previous post: