Monday, November 03, 2008
Free market versus centrally planned economy
"The free market works so much better than a centrally planned
economy," writes Congressman Ron Paul. "With central planning,
everything shifts from one's own judgment about safety, wisdom and
relative benefits of a behavior, to the discretion of government
bureaucrats. The question then becomes 'what can I get away with,'
and there will always be advantages for those who can afford lawyers
to find the loopholes. The result then is that bad behavior, that
would quickly fail under the free market, is propped up, protected and
perpetuated, and sometimes good behavior is actually discouraged."
economy," writes Congressman Ron Paul. "With central planning,
everything shifts from one's own judgment about safety, wisdom and
relative benefits of a behavior, to the discretion of government
bureaucrats. The question then becomes 'what can I get away with,'
and there will always be advantages for those who can afford lawyers
to find the loopholes. The result then is that bad behavior, that
would quickly fail under the free market, is propped up, protected and
perpetuated, and sometimes good behavior is actually discouraged."
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