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martes, 3 de abril de 2012

If individuals are trapped in a system they do not respect and that offends their values, there are no limits to unintended consequences.


Obama Care's Commissar's Conceit

As a writer on Soviet planning, I am struck by its parallels with Obama Care.  Both believe their planning is “scientific” and executed by “the best of the best,” who know what is best for ordinary people. Both types of planning commissars suffer Hayek’s “fatal conceit” – the belief that they can plan incredibly complex economic systems. Their “scientific” plans, however, fall apart under the weight of unintended consequences as ordinary people circumvent their genial rules and instructions.


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