Friday, 21 August 2026

Government Failure

When government engages in a losing venture, it gets doubled in size. But in a market system, if somebody engages in a losing venture, he has to go out of business.”
~ Milton Friedman

1 comment:

  1. ...but you guys claimed that Norks are backwards, primitives and sub-humans and just dumb slaves not capable of any innovation or invention and not allowed to think for themselves even. According to you they'd never be capable of making stuff like rocket-missiles, let alone ones which evade the air defense in Ukraine.

    So what is it? Are they capable of building guided missiles with terminal maneuver capabilities or not? That takes a lot of knowledge and skill to do. If they are capable of it, then you sure got everything wrong about them. Then they can't be primitives and sub-humans and just dumb slaves not capable of any innovation or invention and not allowed to think for themselves even.

    ReplyDelete

We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane or off topic. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.