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





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"To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it", letter to Joseph Milligan (1816)

— Thomas Jefferson



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