Quotation of the Day…

(Don Boudreaux)

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… is from page 139 of the 2011 Thomas Sowell Reader:

Nothing so epitomizes contemporary liberalism as unfunded mandates, in which the federal government  establishes programs and forces the states to pay for them. The very need to weigh benefits against costs – the essence of economics – is evaded by this irresponsible exercise of arrogance. It is like impulse buying and charging it to somebody else’s credit card.

DBx: Truly so.

(Of course, by “contemporary liberalism” Sowell means, not true liberalism, but Progressivism.)