Posts in Economics
Wish I'd said that - November 21, 2018

“Suppose the government wants to build a highway through my house. Suppose also that they give me the fair market value for my land. This is obscene profit. Obviously I value my land more than the fair market value. If not, I would have sold it.”

R.C. Sproul, Jr. in The Freeman November 1994

Wish I'd said that - November 7, 2018

“The beneficial effect of State intervention, especially in the form of legislation, is direct, immediate, and, so to speak, visible, whilst its evil effects are gradual and indirect, and lie out of sight.... Nor… do most people keep in mind that State inspectors may be incompetent, careless, or even occasionally corrupt… Hence the majority of mankind must almost of necessity look with undue favour upon governmental intervention. This natural bias can be counteracted only by the existence, in a given society, as in England between 1830 and 1860, of a presumption or prejudice in favour of individual liberty—that is, of laissez faire. The mere decline, therefore, of faith in self-help… is of itself sufficient to account for the growth of legislation tending towards socialism.”

Albert Venn Dicey Law & Public Opinion