Tuesday, December 28, 2010

Economists: The Real "Party of No"

"Economists are the real "Party of No." They keep saying that there is no such thing as a free lunch — and politicians keep on getting elected by promising free lunches. Nothing is easier for politicians than to play Santa Claus by promising benefits without mentioning the costs — or lying about the costs and leaving it to future governments to figure out what to do when the money runs out."

~Thomas Sowell


At 12/29/2010 9:55 AM, Blogger morganovich said...

it occurs to me that the laws around selling a business opportunity require the disclosure of a "typical" experience and explicitly ban using just one or two examples (your results may vary).

i'm trying to imagine a way to do this with pie in the sky government promises. eg :"the typical experience with mandated lending has been property bubbles and massive bankruptcy and foreclose followed by huge bail outs."

"truth in government". that would be an interesting change.

At 12/29/2010 1:05 PM, Blogger Ron H. said...

"truth in government". that would be an interesting change."

Would truth in government look anything like this?

How many in government would be forced to say "You don't need me or this department, in fact you would be better off without it."

At 12/29/2010 3:05 PM, Blogger morganovich said...



i have long been fascinated by the manner in which government agencies manage to portray themselves as "impartial".

they are anything but.

big oil would still exist under a carbon tax, but the IPCC would all have to go get real jobs if global warming was shown to be nonsense.

they are far more partisan than anyone else in the dialogue, but impugn the motives of everyone else while claiming their own are pure.

At 12/29/2010 4:21 PM, Blogger juandos said...

"... but the IPCC would all have to go get real jobs if global warming was shown to be nonsense"...

Well anthropomorphic global climate change has been shown repeatedly that its a complete fraud but the IPCC clowns can't get real jobs because they lack the requisite skill sets...

I mean what else can a bureaucratic parasite do besides spend someone else's money on their own stupid ideas?


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