If the government underwrites all the risks, call it socialism. If it underwrites only the failures, call it foolishness.
- Allan Meltzer
Economics, global development,current affairs, globalization, culture and more rants on the dismal science, and the society. "As usual, it's like being a kid in a candy store. I'm awed by the volume of high-quality daily links in general. Thanks!" - Chris Blattman
If the government underwrites all the risks, call it socialism. If it underwrites only the failures, call it foolishness.
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