Showing posts with label Hernando De Soto. Show all posts
Showing posts with label Hernando De Soto. Show all posts

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?