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





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PJ O'Rourke, Parliament of Whores (5)

"A little government and a little luck are necessary in life, but only a fool trusts either of them", Parliament of Whores, Preface

— PJ O'Rourke


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Quotes

"Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property."

— Milton Friedman



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