Markets are nimble and efficient, gathering the collective but disbursed intelligence of the economy's players and communicating up-to-the-minute realities of prices, product availability, etc. Government is typically cumbersome, plodding, and slow.
Joel MillerMarkets respond not to political pressures channeled through various committees, subcommittees, lobbies, and special interests but to the immediacies and exigencies of the economy - in other words, what's happening now.
Joel MillerPolitical changes and reforms do not usually favor the general populace. They benefit those who are positioned to best organize and advocate for their policies.
Joel MillerAdvocacy groups, politicians, and bureaucrats use the government to advance their private good instead of the common good.
Joel MillerThink about the difference between how your local gas station and congressman respond to a spike in oil prices. One has the price placard outside changed to reflect the reality of the market within hours. The other sends out a press release, tries to organize a hearing, and at the end of amount accomplishes nothing. Meanwhile, the gas station has already made at least thirty additional adjustments to the realities of the market while your politico fails to get anything more than easy media.
Joel Miller