LAWRENCE W. REED’S OPEN LECTURE IN SOFIA: “Seven Principles of Sound Public Policy”

On September 27th Lawrence W. Reed, the president of The Foundation for Economic Education (FEE), will deliver “Seven Principles of Sound Public Policy” lecture.

The event, which will take place in Radisson SAS Grand Hotel (Alexander hall) starts at 6:30 pm EET (Eastern European Time) and is a part of guest lecture series hosted by the Institute for Market Economics and is sponsored by Friedrich Naumann Foundation.

The lecture is open to the public.

Reed is well known for his "Seven Principles of Sound Public Policy". He has stated that he believes these principles are the "pillars of a free economy", and believes their ability to guide society has been made manifest over the course of recorded history.

1)      Free people are not equal, and equal people are not free.

2)      What belongs to you, you tend to take care of; what belongs to no one or everyone tends to fall into disrepair.

3)      Sound policy requires that we consider long-run effects and all people, not simply short-run effects and a few people.

4)      If you encourage something, you get more of it; if you discourage something, you get less of it.

5)      Nobody spends somebody else's money as carefully as he spends his own.

6)      Government has nothing to give anybody except what it first takes from somebody, and a government that's big enough to give you everything you want is big enough to take away everything you've got.

7)      Liberty makes all the difference in the world.

Reed's most recent book is Striking the Root: Essays on Liberty, a bundling of works previously published in FEE's magazine, The Freeman. Reed's other books include Lessons from the Past: The Silver Panic of 1893, and Private Cures for Public Ills: The Promise of Privatization, both published by the Foundation for Economic Education, and When We Are Free, with Dale M. Haywood.


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