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





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Quotes

"[Interventionism] presupposed that bureaucracy knows better than the consumers what is good and useful...In other words, the government has the astonishing audacity to require of us that we should prefer its arbitrary list of priorities to our own."

— Wilhelm Roepke (1899-1966, German opponent of totalitarianism and architect of post-war recovery)



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