Wednesday, September 28, 2005
India Uncut Nugget 16
Too often a false contrast is made between the impersonal marketplace and the compassionate policies of various government programs. But both systems face the same scarcity of resources and both systems make choices within the contraints of that scarcity. The difference is that one system involves each individual making choices for himself or herself, while the other system involves a smaller number of people making choices for millions of others.Thomas Sowell in "Basic Economics."
More Nuggets and Aphorisms here.