Showing posts with label Sowell. Show all posts
Showing posts with label Sowell. Show all posts

Wednesday, September 21, 2011

Quote of the Day: A Fundamental Economic & Political Fallacy...


A fundamental fallacy is the notion that politicians can "grow the economy" by taking money out of the private sector and spending it wherever it is politically expedient to spend it -- so long as they call spending "investment."


~Thomas Sowell - Economist