Wednesday, June 19, 2013

Niall Ferguson: The Regulated States of America - WSJ.com

Niall Ferguson: The Regulated States of America - WSJ.com: "In "Democracy in America," published in 1833, Alexis de Tocqueville marveled at the way Americans preferred voluntary association to government regulation. "The inhabitant of the United States," he wrote, "has only a defiant and restive regard for social authority and he appeals to it . . . only when he cannot do without it.""

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