Monday, February 19, 2007

Bureacracies Bureacracies

Jane Galt:
The post below also applies to behavioural economics, which the left seems to believe is a magical proof of the benevolence of government intervention, because after all, people are stupid, so they need the government to protect them from themselves. My take is a little subtler than that:

1) People are often stupid
2) Bureaucrats are the same stupid people, with bad incentives.
How true. And the comments flesh this out some more.

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