But this myth of the wise government planner ignores two important facts. First, you are in a far better position to know how to manage your affairs, including your business and professional life, than is some far-off, politically selected bureaucrat. And this truth is just as applicable to every other person operating honestly and peacefully in the market, especially those whose market transactions are extremely complex and important. You may make mistakes in your market dealings, but the bureaucrats isolation from direct and immediate information about your situation and his lack of a strong personal interest in your affairs absolutely guarantee that he will make a lot more and bigger mistakes, even if hes honestly trying to help. Besides, when a bureaucrat makes a mistake in regulating your affairs, he doesnt receive any feedback, in the form of economic losses, to alert him to his error. You receive all the feedback, but you arent in a position of control, so you cant correct the error. From the book Market For Liberty, pg 19. The book Market For Liberty (1970) is free in audio or pdf format at: freekeene/free-audiobook/ freekeene/files/marketforliberty.pdf Read on Youtube: youtube/watch?v=JGKxp5nc1L8, Printed version at: lfb.org/shop/civil-liberties/the-market-for-liberty, or at Amazon. . . no man has a right to rule anyone else . .
Posted on: Wed, 01 Oct 2014 06:31:12 +0000
Trending Topics
Recently Viewed Topics
© 2015