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Quote for a Sunday

November 22, 2009

From a review of the new book From Poverty to Prosperity: Intangible Assets, Hidden Liabilities, and the Lasting Triumph Over Scarcity, by Arnold Kling and Nick Schulz:

Amar Bhide on what a government can do to promote entrepreneurship: make the basic governmental functions work. Property rights, provision of roads, water, electricity. (BC: Simple, but so true. Screw incentives, tax breaks, etc. Just do the basics.)

Amen. So adopt the Tax Update Quick and Dirty Iowa Tax Reform Plan, already. And put this book on your holiday wish list. I have.