Wednesday, February 15, 2012

Sowell, "Progressive" Legacy

The Progressive Legacy: Part II - Page 2

Thomas Sowell is in the middle of a 3-part series on "progressivism" (regressivism in my dictionary) ... it is all good, but I found the following statement to be concise and clear on the subject:
In other words, the government -- politicians, bureaucrats and judges -- are to intervene, second-guess and pick winners and losers, in a complex economic process of which they are often uninformed, if not misinformed, and a process in which they pay no price for being wrong, regardless of how high a price will be paid by the economy.

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