Posted by Eugene Volokh:
"There Was a Market Failure
http://volokh.com/archives/archive_2007_12_30-2008_01_05.shtml#1199469245
and I was it" -- a great quote from Senator, Presidential candidate,
and economist Phil Gramm:
A dozen years ago the then-Texas Senator had beaucoup bucks, a pile
of endorsements, and a solid conservative platform [going into the
primaries]. But as Mr. Gramm told us after his loss in 1997, "There
was a market failure and I was it. People just didn't take to me."
From John Fund, in [1]OpinionJournal's Political Diary.
References
1. http://opinionjournal.com/politicaldiary/
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