“People attribute almost magical powers to government because they clearly see the outcomes they want to attain - more jobs, less crime, better education - and they clearly see that government has the power to coerce. People imagine that, to achieve X or to prevent Y, all one need do is to pass a law requiring people to do X or prohibiting them from doing Y. The false assumption is that people respond to laws. They don’t. They respond to incentives. And all the people involved - from the voters who elect politicians, to the politicians who craft laws, to the bureaucrats who implement the laws - seek to maximize their happiness.”
Quote by Antony Davies
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Cooperation and Coercion: How Busybodies Became Busybullies and What that Means for Economics and Politics
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Source: Cooperation and Coercion: How Busybodies Became Busybullies and What that Means for Economics and Politics
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Source: Cooperation and Coercion: How Busybodies Became Busybullies and What that Means for Economics and Politics
Source: Cooperation and Coercion: How Busybodies Became Busybullies and What that Means for Economics and Politics
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Source: Cooperation and Coercion: How Busybodies Became Busybullies and What that Means for Economics and Politics
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