Wednesday, March 11, 2009

Quote of the day

If you bound the arms and legs of gold-medal swimmer Michael Phelps, weighed him down with chains, threw him in a pool and he sank, you wouldn't call it a ‘failure of swimming'. So, when markets have been weighted down by inept and excessive regulation, why call this a ‘failure of capitalism'?
- George Mason University professor Peter Boettke, as quoted by Eamonn Butler in the London Times

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