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The Neolibertarian NetworkQuote Of The Day
Via Jonah:
I’m reminded of Nobel prize-winning economist Ronald Coase conjecture of why so many government programs seemed counter-productive or ineffective. He observed that:
“an important reason may be that government at the present time is so large that it has reached the stage of negative marginal productivity, which means that any additional function it takes on will probably result in more harm than good…. If a federal program were established to give financial assistance to Boy Scouts to enable them to help old ladies cross busy intersections, we could be sure that not all the money would go to Boy Scouts, that some of those they helped would be neither old nor ladies, that part of the program would be devoted to preventing old ladies from crossing busy intersections, and that many of them would be killed because they would now cross at places where, unsupervised, they were at least permitted to cross.”
Indeed.
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