"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Market and Uncertainty
Submitted by Westernerd on Thu, 2012-12-13 04:00
The notion that regulators have knowledge superior to that of people acting in the marketplace is ridiculous. Economic activities are based on local and often unarticulated knowledge that regulators could never acquire. It’s a fallacy to think that because imperfect human beings make mistakes, government oversight is necessary.
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...1 week 6 days ago
-
And of course, both of the author/commentators are Jews. No...2 weeks 1 day ago
-
Surprised to see Switzerland at only 32/100. Would've be...3 weeks 5 days ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...8 weeks 1 day ago
-
An early Christmas present, it seems -- here, some 17 years...12 weeks 2 days ago
-
Never Forget Building 7: https://www.infowars.com/pos...27 weeks 9 hours ago
-
Straight out of the communist playbook, as per Saul Alinsky...45 weeks 6 days ago
-
It's certainly a step in the right direction.1 year 1 week ago
-
They may be in control of someone else. But they are NOT in...1 year 2 weeks ago
-
More prescient than one would have realized after the experi...1 year 2 weeks ago
more