Thursday, August 02, 2007

Henry George would have been proud

"Think of this on a larger scale and you can see that the more a society spends on rent seeking -- on quarrels over who gets what -- the poorer it becomes. If that's all that anyone did, everyone would starve in due course." (classical values)


Jesse said...

this explains why drug dealing and prostitution is better than to auto theft and burglary

Dody G. said...

Drug dealing is a negative transaction because the amount of overhead in enforcing its ban.