Quotation of the Day…

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… is from page 6 of Robert Higgs’s “Introduction” to his important 2012 book Delusions of Power:

While knocking from their pedestals some of the “great men” of the past century, I also devote attention to debunking a variety of ideas and related programs that flourished along with these leaders, such as business-government cooperation, pump priming via government deficit spending, Johnson’s War on Poverty, Nixon’s New Economic Plan, and the antirecession “stimulus” and bailouts caring out recently by the Bush and Obama administrations. Such ideas cloak a frenzy of opportunism in which politicians snatch new powers and special interests enrich themselves at public expense, all in the guise of saving the day – more often than not, a day that needs saving only because of destructive actions the government has taken previously.