Tuesday, October 11, 2005

Katrina and Socialist Central Planning

Katrina and Socialist Central Planning - Mises Institute

Why did FEMA and the Mayor of N.O. fail so badly?

"We might even say that they are in effect sub-normal in intelligence, because government officials stand outside of society, cut off from normal channels of information that the rest of us take for granted. They are isolated from markets and the regular pressures of life. They are not owners of what they control, and have no real stake in the value of their product. They are surrounded by some of the most peculiar people in the world, namely lifetime bureaucrats, power-mad politicians, and lobbyists on the make. This is their world and this is what they know."

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