“Above all else, the public sector is a racket for the enrichment of insiders, cronies, bureaucrats, and interest groups.”
Dan adds his First Theorem in historical support of French economist Frederic Bastiat, who wrote, “Government is the great fiction through which everybody endeavors to live at the expense of everybody else.”
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Richard C. Young is the editor of Richard C. Young’s Intelligence Report, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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