Quote of the Day: Mar. 3, 2006

From James McManus’s Positively Fifth Street:

“Jack Binion told Alvarez, “In the free enterprise system, you have to assume that each guy is the best judge of what he does with his own money…so if a guy wants to bet twenty or thirty thousand dollars in a poker game, that is his privilege. Society might consider it bad judgment but if that is what he wants to do, you can’t fault him for it. That’s America.” A skeptical Alvarez commented: “that, too, is Las Vegas — the only place on earth where they justify gambling as a form of patriotism.”


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Filed under Economics, QotD

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