Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

February 14, 2009

Quote of the Day: Mistakes in the Market vs. Mistakes in the Government Edition

by Stephen Littau

Human beings are going to make mistakes, whether in the market or in the government. The difference is that survival in the market requires recognizing mistakes and changing course before you go bankrupt. But survival in politics requires denying mistakes and sticking with the policies you advocated, while blaming others for the bad results. -Thomas Sowell

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