First Lessons

The quote of the day comes from Thomas Sowell:

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

I got the quote from an excellent piece by David Boaz on the fallacies in many arguments for a bigger role for the state: The Empty Case for Big Government. Read the full thing.