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The winners could always compensate the losers, but they do not. This sleight of hand is called Kaldor-Hicks optimality.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Fri Mar 21st, 2014 at 04:51:41 AM EST
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