Not Saussure

March 22, 2007

A useful insight

Filed under: Economics, Politics — notsaussure @ 10:29 pm

Jane Galt writes as if this were a criticism uniquely applicable to the political left, which it certainly isn’t, but I do like her point about the view that

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.

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1 Comment »

  1. at the risk of being less subtle…

    1) People are often stupid
    2) Bureaucrats are the same stupid people, with bad incentives.
    3) MPs are also stupid people, but they have the power to create stupid things for the stupid bureaucrats to force the other stupid people to do

    Comment by Just about had enough — March 23, 2007 @ 12:16 am


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