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)


2 comments:

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.