Think 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 MillerAdvocacy groups, politicians, and bureaucrats use the government to advance their private good instead of the common good.
Joel MillerMarkets 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 MillerEvery day Big Government heaps demands and restrictions upon businesses that sink some enterprises, cause others to direct resources away from serving customers and instead toward jumping through hoops of lawyers and regulators, and prevent other operations from ever getting off the ground.
Joel Miller