[lbo-talk] Endgame in the banking sector

Shane Mage shmage at pipeline.com
Tue Sep 16 09:02:18 PDT 2008


On Sep 16, 2008, at 8:36 AM, Disboulides wrote:


> On Mon, Sep 15, 2008 at 9:25 PM, Shane Mage <shmage at pipeline.com>
> wrote:
>
>> Except that it was Quesnay, wasn't it, who invented the very term,
>> proclaiming his opposition to the ancien régime's institution of
>> internal
>> tariffs with the ringing slogan "laissez faire, laissez passer."
> No.
> It wasn't.
> It was Vincent de Gournay.
>
So the Physiocrats' slogan *laissez faire, laissez passer* is "usually attributed" (OED) to Gournay rather than Quesnay. So?


> Calling for the State to remove internal tariffs is a call for the
> State
> to interfere in the political economy, with all the attendant
> distributive consequences and opportunities for rent seeking that
> entails.

Calling for the state to remove an interference to the political economy is the same as calling for the state to interfere in the political economy. Paracoherent indeed.

Shane Mage

"Thunderbolt steers all things...it consents and does not consent to be called Zeus."

Herakleitos of Ephesos



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