transfer payments

A Quote by Murray Rothbard on government, subsidies, grants, transfer payments, licenses, monopoly rights, economy, and politics

Governmental subsidy systems promote inefficiency in production and efficiency in coercion and subservience, while penalizing efficiency in production and inefficiency in predation.

Murray Rothbard

Source: Man, Economy, and State (http://mises.org/rothbard/mes/chap17a.asp)

Contributed by: peter

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