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James M. Buchanan

It is much more difficult to get implemented politically what might be desirable economically. Even if you came out with an economic argument in favor of equalization - and I think there are arguments on both sides - I would still come down in favour of some sort of a scheme on strict economic grounds.

Down, Economic, Favors, Might, Sort, Thinking
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Politicians and bureaucrats are no different from the rest of us. They will maximize their incentives just like everybody else.

Different, Incentives, Like, Maximize, Politician, Rest

Liberals have lost the soul. We haven't recognized the necessity of defending our own system at the level of ideas. We have to get people to treat the idea of a free society as a civic religion or a faith. We need to fight for that faith.

Faith, Fighting, Ideas, Level, People, System

People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.

Effort, Investment, People, Public, Universal

We want to limit the exploitation of the fiscal capacity of the richer regions by keeping down the rate of immigration to a level that would be meaningful and efficient. One way to do that is to have a scheme of equalization which essential bribes people to stay in the poorer regions.

Equalization, Exploitation, Immigration, Keeping, Meaningful, People

How would the US be different today if people coming off the boat were greeted with a welfare check instead of a shovel?

Boat, Different, People, Today, Welfare
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