FQ.07.46: Favorite Quote for This Week

The smothering of incentive and the cultivation of mendacity are a characteristic weakness of large bureaucracies, whether public or private.
—George S. Landes, The Wealth and Poverty of Nations, 342.

Comments

[goronpaul]

Here is an article by Alan Greenspan before he sold his soul to the devil in Washington

http://www.financialsense.com/metals/greenspan1966.html

Now that he is no longer chairman of the politbureau, he is again questioning the need for central planners.

http://www.youtube.com/watch?v=iKFbOiBh_C8

Yes, I am talking about the "Maestro" - the ex-politbureau chief.

[Go Ron Paul]

De ja vu
http://www.youtube.com/watch?v=72Ht63ttf_U

[Bob]

Hey Steve,

A recurrent meme on this blog is central planning and your aversion, or so it would seem, to it.

I'm wondering if this is because you believe that it is alive and well in our government or fear it could be.

Perhaps you could comment on this. BTW, I've experienced far more central planning and top down management in large corporations than I have witnessed in our government. I consider our federal government to be a huge, slothlike, ineffective mess of humanity and if left alone may indeed undo us....but we're still pretty good at capitalism.

That stated I sure would like to have a choice of electic power providers and K12 schools.