Saturday, January 14, 2012

Where freedom to choose sits…

From a Bill Niskanen obituary (late Chair of the Cato Institute), Steve Hanke gives us this:

"Economic growth, income equality, and environmental conditions are all a positive function of the degree of economic freedom." On the moral question, Bill argued that good and evil had no moral meaning in the absence of choice and that a free market economy "maximizes the conditions in which we are 'free to choose'."


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