Wednesday, October 26, 2011

Dramatically overpaying for civilization

Instapundit links a book review featurign a quote liberals love - from the cost perspective.
As an economist, Professor Sachs understands the difference between the concepts of “price” and “cost.” 4 percent of the GDP may be the “price” of civilization, but 24 percent of the GDP sounds more like the “cost” of tyranny.

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