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Bonus Quotation of the Day…

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… is from page 344 of the 2016 second edition of Thomas Sowell’s important volume Wealth, Poverty and Politics (footnote excluded; link added; original emphases): The concentration of power being sought by the redistributionists is usually as completely ignored as the productivity differences behind differences in income and wealth. Indeed, a whole vocabulary of camouflage words obscures the concentration of power involved. Thus, Professor John Rawls, for example, refers repeatedly to how “society” should “arrange” certain economic outcomes, when only the government has the power to force millions of people to accept a third party’s overriding of the transactions terms agreed to by transactors dealing directly with each other.

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… is from page 344 of the 2016 second edition of Thomas Sowell’s important volume Wealth, Poverty and Politics (footnote excluded; link added; original emphases):

Bonus Quotation of the Day…The concentration of power being sought by the redistributionists is usually as completely ignored as the productivity differences behind differences in income and wealth. Indeed, a whole vocabulary of camouflage words obscures the concentration of power involved. Thus, Professor John Rawls, for example, refers repeatedly to how “society” should “arrange” certain economic outcomes, when only the government has the power to force millions of people to accept a third party’s overriding of the transactions terms agreed to by transactors dealing directly with each other.

Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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