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The Lesson Not Learned

One simple lesson. But they never do learn, do they?

When Andrew Coyne is not writing about MMP, he's Canada's best columnist. In today's piece he smacks around those politicians that think their targeted industrial strategies, supply management programs, and regional development initiatives do any good at all. Actually, 'those politicians' are pretty much 'all politicians'. It's pretty hard to find one that doesn't believe that taking money from some and giving it to others (accompanied by a photo-op, of course) is not a good idea. Read the whole thing, but I especially enjoyed this paragraph:

All of economics is devoted to the proposition that there is no such thing as a free lunch. All of politics is devoted to the opposite conviction. All economics teaches that you can’t get something for nothing. All politics supposes that you can -- or that you can at least persuade other people that you can. Economics is about scarcity, universal and inescapable. Politics is about limitless plenty.

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Comments

I normally don't read Coyne but thought I would take a peek, it is a really funny article.

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