"If you bound the arms and legs of gold-medal swimmer Michael Phelps, weighed him down with chains, threw him in a pool and he sank, you wouldn't call it a 'failure of swimming.' So, when markets have been weighted down by inept and excessive regulation, why call this a 'failure of capitalism'?"
George Mason University professor Peter Boettke, quoted by Eamonn Butler in "Believers in Free Markets are Fighting Back"
Tuesday, March 17, 2009
Laissez-Failure---Not
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