When Governance Feeds Greedy Bastards

Government, beyond its role of defending voluntary arrangements against force and fraud, only makes the effects of scarcity worse. It substitutes decisions by people with worse information and incentives, backed by the power of coercion, for decisions by people with better information and incentives. That is why it is actually government “solutions” that increase the influence of greedy bastards in society. After all, “greedy bastard” is an excellent description of someone who demands power over others without cost or their willing consent; and falsely blames others to gain it.

- Greedy-Bastard Economics
by Gary Galles for Mises.org
2009-10-06

This entry was posted on Thursday, October 8th, 2009 at 22:46:51 and is filed under Reaction.

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