"The forces of the market are just that: They are forces; they are like the wind and the tides; they are things that if you want to try to ignore them, you ignore them at your peril, and ... if you find a way of ordering your life that is compatible with these forces, indeed which harnesses these forces to the benefit of your society, that's the way to go." -- Arnold Harberger, University of Chicago Economist
Saturday, July 18, 2009
The Lure of the Czars: It took the Romanovs almost 300 years to produce 18 czars. Obama did it in less than 100 days. - Reason Magazine
"The czar is a perfect techocratic role—appealing to Obama, who has been much praised for 'surrounding himself with smart people.' The appeal of the czar rests on the belief that if we could just figure out the right smart, competent, well-intentioned person to put charge, everything would go more smoothly. This is often true on a micro-level. Having someone in charge of a school field trip, or a division inside a large company is a good idea. But the bigger and more complex the problem, the less likely even the most impressive technocrat will be able to set things in order, especially since these czars lack the very thing that defined the Russian czars: total control over the lives of their subjects."