A thought from a radical capitalist


Don't forget to look at the costs as well as the benefits.

"Special interest politics is a simple game. A hundred people sit in a circle, each with his pocket full of pennies. A politician walks around the outside of the circle, taking a penny from each person. No one minds; who cares about a penny? When he has gotten all the way around the circle, the politician throws fifty cents down in front of one person, who is overjoyed at the unexpected windfall. The process is repeated, ending with a different person. After a hundred rounds, everyone is a hundred cents poorer, fifty cents richer, and happy."
— David Friedman, The Machinery of Freedom

One of the best explanations I have seen.

— NeoWayland

Posted: Sat - November 5, 2005 at 05:56 PM  Tag


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