Tuesday, May 7, 2013

Thomas Sowell....................


A young man gets schooled on government and human nature.  Fuller story here.  Excerpt here:
To me the question was: Is this law making poor people better off or worse off?
That was the not the question the labor department was looking at. About one-third of their budget at that time came from administering the wages and hours laws. They may have chosen to believe that the law was benign, but they certainly weren’t going to engage in any scrutiny of the law.
What that said to me was that the incentives of government agencies are different than what the laws they were set up to administer were intended to accomplish. 
Even fuller story here

thanks craig

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