Bonus Quotation of the Day…

(Don Boudreaux)

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… is from page 408 of Albert Venn Dicey’s monumental 1905 volume, Lectures on the Relation Between Law & Public Opinion in England During the Nineteenth Century:

The augmentation, moreover, of the public revenue by means of taxation is not only a diminution of each taxpayer’s private income and of his power within a certain sphere to do as he likes, but also an increase in the resources and the power of the state…. 

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