failure of government

Government Planning Is Killing the Economy

Friedrich Hayek warned more than half a century ago that central planning doesn’t work. Here’s why: * Central Planners (government) makes a plan * The plan includes specific expectations * The expectations are never, ever, realized * A “crisis” ensues * So the planners demand more control * And create more plans * Ad hoc * Willy nilly * Capriciously * So you must wait for things to settle down to make your decision Today’s Wall Street Journal article about the fiscal cliff demonstrates the futility of central planning:
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