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
Rare Clarity on Iran
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Via the Harry Binswanger Letter, I learned of a fantastic editorial from
the British press regarding the situation in Iran and what the West ought
to do.
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17 hours ago
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