When someone gives you a check and the bank informs you that there are insufficient funds, who do you get mad at? In your own life, you get mad at the guy who gave you a check that bounced, not at the bank. But, in politics, you get mad at whoever tells you that there is no money. One of the secrets of the growth of the welfare state is that politicians get a lot of mileage out of making promises, without ... MOREThomas Sowell: Political Statistics
When someone gives you a check and the bank informs you that there are insufficient funds, who do you get mad at? In your own life, you get mad at the guy who gave you a check that bounced, not at the bank. But, in politics, you get mad at whoever tells you that there is no money. One of the secrets of the growth of the welfare state is that politicians get a lot of mileage out of making promises, without ... MOREWhy Are People So Forgiving Of Government Failure?
by Christopher Westley. Once upon a time, I developed a theory that we have much lower expectations for public-sector performance than we do for private-sector performance. We saw this in accounting standards that — when applied to Enron — resulted in market forces shutting that firm down, while the Department of Defense loses billions of dollars ... MORE
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