Friday, May 08, 2009

Worthwhile Sentences on Regulation

From Inclined to Liberty: "There are those inclined to liberty--freedom of the individual to live his or her life in any peaceful way. And there are those who are inclined to mastery--permitting others to live their lives only as another sees fit."

From Arnold Kling: "When people lose confidence and trust in one another, their confidence in government increases. Thus, government failure that undermines confidence winds up reinforcing the demand for government!"

From Milton Friedman: "The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a good measure of both."

From Arnold Kling: "Regulation is a chess mid-game, not a math problem. With a math problem, once you solve the problem, it stays solved. In a chess mid-game, new opportunities and threats arise constantly. You try to plan ahead, but your plans inevitably degrade over time."

From the Amateur Economist: "Do politicians have crystal balls? I doubt it, but at times it sure seems as though they have brass ones."

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