S & P
On yesterday's debate in 'S & P' regarding individual abilitities, the role of government and The Republic:
Quoting Jane Galt, via Greg Mankiw:
'My take is a little subtler than that:
1) People are often stupid
2) Bureaucrats are the same stupid people, with bad incentives.'
Quoting Jane Galt, via Greg Mankiw:
'My take is a little subtler than that:
1) People are often stupid
2) Bureaucrats are the same stupid people, with bad incentives.'
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