Quotulatiousness

July 22, 2018

QotD: A touching naivety

Filed under: Economics, Government, Quotations — Tags: , , — Nicholas @ 01:00

… the typical “Progressive” continues to imagine the state to exist in the same way that a four-year old child imagines Santa Claus to exist: as a super-human force for good that possesses a supernatural capacity for pursuing and achieving that good. There is, in practice, no epistemological difference between the belief of many children that dusk on December 24th causes reindeer to fly and the belief of many adults that minimum-wage legislation causes the incomes of all low-skilled workers to rise. Higher-skilled workers, and the labor unions that represent them – as well as some firms that use fewer low-skilled workers than are used by their competitors – are only too happy to promote this juvenile fantasy.

Don Boudreaux, “Bonus Quotation of the Day…”, Café Hayek, 2016-09-04.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress