Wednesday, February 11, 2009

The Competing Forces of Economics and Politics

Cafe Hayek is on of my regular blog visits, and GME Economist Russell Roberts posted a beauty yesterday:

Good politics requires action, constant proof that the politician is working tirelessly.

Good economics requires quiet consistency so people can plan for the future.

The times we live in are the greatest example in my lifetime of the tension between these two goals.

Even better is the comment from "Mezzanine":

From "Yes, Minister" - the political syllogism:

Something must be done.
This is something.
Therefore, this must be done.

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