Why governments' attempts to pick winners produce more losers than winners.





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"Liberty is the soul and element of commerce; she excites the genius and application of merchants who never cease to meditate on new methods to make discoveries and found enterprises. [Liberty] kindles a perpetual movement which produces abundance everywhere. The moment we limit the genius of merchants by restrictions, we destroy trade", quoted in Murray Rothbard, Economic Thought Before Adam Smith

— Joachim Descazeaux du Hallay



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