The world of antitrust is reminiscent of Alice’s Wonderland: everything seemingly is, yet apparently isn’t, simultaneously. It is a world in which competition is lauded as the basic axiom and guiding principle, yet “too much” competition is condemned as “cutthroat.” It is a world in which actions designed to limit competition are branded as criminal when taken by businessmen, yet praised as “enlightened” when initiated by the government. It is a world in which the law is so vague that businessmen have no way of knowing whether specific actions will be declared illegal until they hear the judge’s verdict,after the fact. – Alan Greenspan
Whatever you tax, you get less of.
Alan Greenspan
Posts Tagged ‘tax’
Greenspan Quotes
Posted in Random, tagged alan greenspan quotes, alice's wonderland, competition, tax on October 29, 2008| Leave a Comment »