Bureaucracies typically move slowly, clumsily, and without much regard for the wants and needs of the people they supposedly serve.
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 MillerThe government doesn't create wealth of its own; it can only take it from some and distribute it to others or dictate particular public uses of private resources.
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 Miller