Mikhail Bakunin – ThisIsCommonSense.org

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When the people are being beaten with a stick, they are not much happier if it is called ‘the People’s Stick.’

Mikhail Bakunin, Statism and Anarchy (1873).

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Thought of the Day

Whereas the governments of some low-income countries are improving their economics policies, in the United States the proliferation of political movements that view economics with disdain, along with apparent general public support for government market interventions, are in considerable measure contributing to the decline in the performance of the U.S. economy.
Theodore W. Schultz, Investing in People: The Economics of Population Quality (1981), p. 143-4.

— Theodore W. Schultz

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