Saturday, May 28, 2011

Quote of the Day: Free Markets

"In the four and a half years I worked for Sen. William Proxmire (D–Wis), I routinely met businessmen who believed in and touted the free market but who also just happened to 'need' protection from competition or a government subsidy. It was a perfectly rational request from their point of view because in most cases tax subsidies or protection from competition made them more money than they could have gotten by producing something that met consumers’ needs."-Martin Lobel in Nieman Watchdog