Tuesday, February 20, 2007

From Jane Galt (via Mankiw)

This is a re-direct from Mankiw:

The post below also applies to behavioural economics, which the left seems to believe is a magical proof of the benevolence of government intervention, because after all, people are stupid, so they need the government to protect them from themselves. My take is a little subtler than that:

1) People are often stupid
2) Bureaucrats are the same stupid people, with bad incentives.

Well, I am a bureaucrat. I must have bad incentives..........moooowwwhahahaha!!

0 Comments:

Post a Comment

<< Home