“One of the greatest economic misunderstandings is the myth that government officials are more attentive to the long run than are private entrepreneurs, investors and other owners of private property. Private property rights cause us to live for tomorrow, while the need to win political elections causes politicians to live only for today.” Don Boudreaux says it all in this op-ed: “Politicians live for today.” It should be fairly obvious that the kind of political incentives described by Boudreaux represent key techniques used by the Obama administration to achieve buy-in. Have we wised up? I’m afraid that’s wishful thinking.
A Vote Today Is Worth What Tomorrow? Who Cares?
07 Wednesday May 2014
Posted Uncategorized
in