Quotes

Notable Quote – Prof. Don Boudreaux

Emphasis mine: Industrial policy is the replacement of price-guided resource-allocation patterns with commands issued by politicians and their hirelings. But as Hayek points out, it is impossible for politicians and their hirelings to possess any of the “knowledge of the particular circumstances of time and place” that must be known if the resulting use of … Read more

Grocery store

Notable Quote – For Bruce Currie who hates the idea that the US doesn’t have an “Industrial Policy”

He’s made it clear – we individuals need the handy helping hand to direct our every move and decision. This from Prof. Don Boudreaux (emphasis mine):

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Good going Obama (and your pernicious pack of Progressives!)

The Global Competitive Report fr 2012-2013 has bad news for the US – it seems that Obama’s policy of Determined Weakness is succeeding:

…This year’s Report features a record number of 144 economies, and thus continues to be the most comprehensive assessment of its kind. It contains a detailed profile for each of the economies included in the study as well as an extensive section of data tables with global rankings covering over 100 indicators. This Report remains the flagship publication within the Forum’s Global Benchmarking Network, which produces a number of research studies that mirror the increased integration and complexity of the world economy.

And where is the US in all this?  I would say that this is a big “Oopsies” bordering on “Major FacePalm” – am betting Obama and his cohort that dream of a de-industrialized US are beaming with pride (“status OK, everything proceeding as planned!”):

We used to be first.  Last year: 5th.  Now: 7th.  Given the economy and the way that the Obamanauts go about setting their industrial policy (as IF the Government is SUPPOSED to set that – oh wait, that was in the former USSR, right?  THAT worked out so spectacularly well, eh?), we should be surprised?

What did they measure and what were those items that is causing us to have a less free economy?

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