Mar 15, 2010

It is not the rulers that produce wealth

Regarding Obama's federal decrees on the economy and health care:

"It is not rulers who produce wealth: they sit behind desks, give speeches, draft resolutions and supreme decrees, process documents, inspect, monitor and levy, but they never produce. It is the population that produces." That population demands a basic fairness: It is not prepared, either in Peru or the United States, "to accept a society in which opportunities, property, and power are distributed arbitrarily.
Marvin Olasky (Univ. of Texas at Austin commenting and quoting Peruvian economist Hernando De Soto Polar; to go to the primary source, read De Soto's The Other Path, 1989.

What do you think?

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