Rick Lowe
Each month I look forward to receiving my copy of The Freeman magazine and the March 2011 edition is just packed with great literary delights. (subscribe here...)
One of the articles that stuck out for me was An Impossible Job by Richard W. Fulmer.
It confirms the fact that a presidents job is an impossible one.
One of the quotes is from the former US Chief of Staff Rahm Emanuel telling one of his staff that they needed to shorten the memo's sent to president Obama as "Last night we sent the president a phone book."
Frankly, it doesn't matter how smart Mr. Obama is, overload is overload.
Obviously government has grown far too large and simply can't control and "plan" everything that they think they can.
Here's a killer of a quote from the article:
"As Hayek pointed out in his essay “The Use of Knowledge in Society,” the term “planned economy” is misleading. All economic activity is planned. The question is whether the planning is done by people on the scene with local knowledge and a stake in the outcome, or by remote bureaucrats with insufficient, outdated information and nothing to lose—bureaucrats ignorant enough to believe that people can be ordered like pieces on a chessboard and arrogant enough to try. Will planning be done by businesspeople who either replace faulty paradigms or fail, or by politicians holding fast to broken ideologies for fear of losing office?"
Read the entire piece here...
Obviously the same problems exist for the political class here at home in The Bahamas.
When will we wake and realise that all the promised benefits from government cannot be funded, so government has to downsize or right size?
