Thursday, October 11, 2012

Quote of the Day, October 11, 2012

"There is no such thing as 'government investment.' All government spending is consumption spending, not investment. An investor is someone who puts up his own money, takes a risk, and reaps the profits or suffers the losses from his decisions. No politician or bureaucrat ever puts up his own money, takes on any personal risk whatsoever, or is punished with financial losses for his bad decisions. In fact, his bad decisions are routinely subsidized by taxpayers for decades on end with no negative personal consequences to him. ~Thomas J. DiLorenzo

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