Friday, 16 November 2018

QotD: "Ownership of public property is not voluntary; it is compulsory as long as one is a member of the public. To call something 'compulsory' usually is a good start toward condemning it."


"Public [government] ownership must be borne by all members of the public, and no member can divest himself of that ownership. Ownership of public property is not voluntary; it is compulsory as long as one is a member of the public. To call something 'compulsory' usually is a good start toward condemning it."
        ~ Armen Alchian, from his Collected Works, quoted in David Henderson's post 'Wisdom from Armen Alchian'
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