Saturday, March 23, 2013

Reality is not optional

CAFÉ HAYEK Reality is not optional: the greater the power of government to use discretion to do what is thought to be good for society, the greater the number, and the more intent, are the rent-seekers who scramble in and scheme to have government use discretion to do what in fact is harmful to society and good only for the successful rent-seekers. To disregard, or to only lightly regard, this reality when pondering or planning public policy has as much scientific merit as disregarding, or only lightly regarding, the reality of friction when building your dream perpetual-motion machine.

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