Quote of the Day

It's Samizdata's quote of the day, which I am appropriating because I have no respect for property rights on the Internet.

Economic freedom begets political freedom. Democracy alone, a la elections are not enough, we need a liberal democracy that circumscribe the domain of government to what Martin Wolf says "Under liberty, the state protects everybody from predators, not excluding itself". Property rights begets individual ownership and that in turn promotes individual as well as economic freedom
- Franklin Cudjoe discussing what Africa really need.

One of these guys for every 10,000 Bonos and we should be okay. Follow the link to his Freedom Wings blog for more hope.

Economics and Markets Posted by John Kranz at August 2, 2005 6:37 PM