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Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior.

Allan H. Meltzer

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Allan H. Meltzer
Age: 89 †
Born: 1928
Born: February 6
Died: 2017
Died: May 8
Author
Economist
Historian
Professor
Boston
Massachusetts
Allan Meltzer
Allan Harold Meltzer
Mind
Capitalism
Like
Sin
Bankruptcies
Behavior
Bankruptcy
Failure
Prudent
Loss
Losses
Liberty
Libertarianism
Religion
Concentrate
Without
Libertarian

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There is a flaw in the operation of representative government. The flaw produces the growth of government.
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