Tuesday, December 1, 2009
57. "The notion that smaller government is always better government is simply wrong."
"Government has the potential to enhance the productive capacity of the economy and make us much better off as a result. Government creates and sustains the legal framework that makes markets possible; it raises our utility by providing public goods that we are unable to purchase for ourselves; it fixes the rough edges of capitalism by correcting externalities, particularly in the environmental realm. Thus the notion that smaller government is always better government is simply wrong."
From "Naked Economics" by Charles Wheelan, W.W. Norton & Company
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