Tuesday, February 20, 2007

Politics is Priceless

The great allure of government programs in general for many people is that these programs allow decisions to be made without having to worry about the constraints of prices, which confront people at every turn in a free market.

They see prices as just obstacles or nuisances, instead of seeing them as messages conveying underlying realities that are there, whether or not prices are allowed to function. What prices are telling San Francisco is that municipal golf courses cost more than they are worth -- not in my opinion, but in the actions of people who are spending their own hard-earned money. But what politician wants to hear that? Politics is priceless.

~Thomas Sowell,
writing about San Francisco's 6 municipal golf courses, which are all losing money, and the hand-wringing over what to do about it.

1 Comments:

At 9/09/2009 11:33 AM, Anonymous Anonymous said...

Milton Friedman would be (and probably is) smiling. Any chance the golf courses are seeking legislation to protect them from the 'predatory' private courses? :-)

 

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