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Quote by David D. Friedman

“Special interest politics is a simple game. A hundred people sit in a circle, each with his pocket full of pennies. A politician walks around the outside of the circle, taking a penny from each person. No one minds; who cares about a penny? When he has gotten all the way around the circle, the politician throws fifty cents down in front of one person, who is overjoyed at the unexpected windfall. The process is repeated, ending with a different person. After a hundred rounds everyone is a hundred cents poorer, fifty cents richer, and happy.”

Quote by David D. Friedman

Book:The machinery of freedom: guide to a radical capitalism
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The machinery of freedom: guide to a radical capitalism

This book delves into the principles and practices of radical capitalism, analyzing its impact on society and offering insights into its potential future role in economic and political landscapes. more

Author

David D. Friedman
David D. Friedman

David D. Friedman, born on February 12, 1945, is an accomplished economist known for his extensive research in the fields of law and economics. Friedman is renowned for his contributions to the theories of free markets and property rights. more

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