Quote of the day

October 4, 2008 – 12:21 pm by John

“The Soviet economy is proof that…a socialist command economy can function and even thrive.” —Nobel Prize winner Paul A. Samuelson, 1989

Hat tip: Robert Higgs, in an excellent rant about the impracticality of every government-created economic program, such as the recently-collapsed Fannie Mae and Freddie Mac.

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