"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Frying a Small Fish
Submitted by Michael Kleen on Fri, 2011-08-12 01:00
All around the world, we hear cries for our leaders to do something. Wrong. They have already done way too much. Hayek called this the “fatal conceit.” It is the belief that we can manage an economy for optimal outcomes by directing it command-and-control fashion.
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