Cafe Hayek - Latest Comments in Everything is Relative

Re: Everything is Relative

Bruce Hall — Wed, 26 Jul 2006 06:54:22 -0000

I continue to be amazed the those free-market economists fail to even mention how government interference with free markets really screws things up.

The government that raises interest rates to "protect" us from inflation is the same government that adds injury to injury by taxing gasoline which is priced so high that the economy is faltering... and by the way the same government that cripples oil exploration and new refinery development... which by the way adds to the price of gasoline... which by the way accelerates inflation... which by the way costs us jobs. OOOOOOOOHHH! I love it when a plan comes together (from the "A-Team").

You should trust your economic future to government bureaucrats. After all, look how well they did in New Orleans.

Re: Everything is Relative

Swimmy — Tue, 25 Jul 2006 09:38:13 -0000

"As Adam Smith wrote over 200 years ago, in the economic market people who intend to serve only their own private interests are led by an invisible hand to serve public interests where there was no part of their intention to promote. In the political market, there is an invisible hand operating as well. But unfortunately it operates in the opposite direction. People who intend only to serve the public interest are led by an invisible hand to serve private interests that was not part of their intention to promote."

-Milton Friedman, of course.

Re: Everything is Relative

mvpy — Mon, 24 Jul 2006 13:35:24 -0000

"the invisible hand may be frail, but the visible hand is crippled."

Relating to the previous post, with government theres also an invisible handshake. And therein lies many, many more government failures and duplicities.