To: familyop
Preserving a broken system merely to avoid the pain necessary to fix it only makes the situation worse. Propping up sectors that should be contracting prevents resources from flowing to other sectors that should be expanding. Keeping workers employed in nonproductive jobs prevents them from gaining productive employment elsewhere. Encouraging activity or behavior the market would otherwise punish discourages alternatives that it would otherwise reward. Unfortunately, leaders on both sides of the Atlantic put politics above economics.
6 posted on
06/18/2012 10:11:48 PM PDT by
wolfman
To: wolfman
"Preserving a broken system merely to avoid the pain necessary to fix it only makes the situation worse. Propping up sectors that should be contracting prevents resources from flowing to other sectors that should be expanding. Keeping workers employed in nonproductive jobs prevents them from gaining productive employment elsewhere. Encouraging activity or behavior the market would otherwise punish discourages alternatives that it would otherwise reward. Unfortunately, leaders on both sides of the Atlantic put politics above economics."
Perfectly said. Well done.
10 posted on
06/19/2012 12:02:04 AM PDT by
familyop
("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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