Nuggets and Aphorisms

Food for thought. These first appeared in Amit Varma's blog, India Uncut

Wednesday, September 28, 2005

A question of choices

Too often a false contrast is made between the impersonal marketplace and the compassionate policies of various government programs. But both systems face the same scarcity of resources and both systems make choices within the contraints of that scarcity. The difference is that one system involves each individual making choices for himself or herself, while the other system involves a smaller number of people making choices for millions of others.
Thomas Sowell in "Basic Economics."
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