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Is Security an Exception?

16 Aug Posted by in News and Headlines | Comments

“It thus has been demonstrated a priori, to those of us who have faith in the principles of economic science, that the exception indicated above is not justified, and that the production of security, like anything else, should be subject to the law of free competition. Political economy has disapproved equally of monopoly and communism in the various branches of human activity, wherever it has found them. Is it not then strange and unreasonable that it accepts them in the security industry?”

–Gustave de Molinari, The Production of Security

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