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





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A.R.J.Turgot (1727-1781)

"To suppose all consumers to be dupes, and all merchants and manufacturers to be cheats, has the effect of authorizing them to be so, and of degrading all the working members of the community."

— A.R.J.Turgot


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"It is an inevitable defect, that bureaucrats will care more for routine than for results", The English Constitution (1867)

— Walter Bagehot



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