Replying to Avatar Michael Matulef

Both social and economic policies are often discussed in terms of the goals they proclaim, rather than the incentives they create. For many, this may be due simply to shortsightedness. For professional politicians, however, the fact that their time horizon is often bounded by the next election means that any goal that is widely accepted can gain them votes, while the long-run consequences come too late to be politically relevant at election time, and the lapse of time can make the connection between cause and effect too difficult to prove without complicated analysis that most voters cannot or will not engage in.

~ Thomas Sowell

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uncleJim21 1y ago

Sowell Man really is the GOAT in my eyes. His eloquent contrarianism and pursuit of truth is so refreshing.

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