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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Joe Btfsplk who wrote (9387)	2/17/2012 5:24:03 PM
From: TimF	Read Replies (1) \| Respond to of 85487

There is the nub of the cancer infecting us, the belief that some parasitic buffoon can "manage" the economy. "The more the state "plans" the more difficult planning becomes for the individual." - F.A. Hayek, The Road to Serfdom The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions and that a division of authority will actually extend the possibility of overall order. Yet that decentralization actually leads to more information being taken into account. - F.A. Hayek, The Fatal Conceit:The Errors of Socialism "Many of the greatest things man has achieved are not the result of consciously directed thought, and still less the product of a deliberately coordinated effort of many individuals, but of a process in which the individual plays a part which he can never fully understand." - F.A. Hayek, Scientism and The Study of Society "So many things the government does are attempts to circumvent the bad things caused by something else they already do." - Russ Roberts