Joseph A. Schumpeter (1)

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

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Submitted by bruno on Thursday, October 26, 2006 - 01:01

"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."

— Joseph A. Schumpeter

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"What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long."

— Thomas Sowell

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