Sunday Morning Quotation – Bill Niskanen on Protectionism and Rent Seeking

“A common commitment to refrain from special favors serves the same economic function as a common commitment to refrain from stealing.”

Sounds like a fellow Pilei to me!

This provocative quotation from his piece on Reaganomics came in a close second:

“The Reagan economic program led to a substantial improvement in economic conditions, but there was no ‘Reagan revolution.'”

Source

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