Notable Quote - Thomas Sowell
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong"
- Thomas Sowell
(H/T: John)
And I would have to agree. Many political decisions are made to satisfy the immediate and urgent problem - and it may not be important. Further, the political class is wont to show themselves to be relevant and to show that they care to the public at large - whether the decision is a good one or a bad one. Too often, the ramifications of a decision are not contempleted or that the "next steps" are not fully fleshed out, thus bringing in the Law of Unintended Consequences into play.
Such as we see now with the Congressional mandate on the domestic manufacture of huge amounts of ethanol. Who pays the price of their wrong decision?
- The poor of the world, as food prices go up as food stock is shuffed over to energy stock.
- The environment suffers, as ethanol (and other biofuels) are now being shown to be net negatives.
- And of course, as always, the American taxpayer.
Rather than the politicians that came up with this looney tune idea - all in the attempt to save the planet and financially starve the holders of usable oil reserves (after all, we cannot be allowed to use our own, can we?).
