VECKA 43
Tisdag
20
Oktober
BT-annons
2020-09-23

Statens error

Entreprenörer vs politiker.

DEMOKRATI (Rothbard)
People always expect to benefit from voluntary exchanges, and in practice they usually will do so.

In particular, inept businesses soon go bankrupt while entrepreneurs who make good forecasts earn profits.

In contrast, in the government sector there are no mechanisms to minimize error.

When a government policy fails in its stated objectives, the politicians do not necessarily suffer and the voters may not be sophisticated enough to perceive the true causes of the failure.

It is ironic that advocates of democracy do not trust citizens to make personal decisions but do trust them to vote for wise politicians.

"Study Guide to Man, Economy, and State with Power and Market particular” s 182

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