Thursday, February 19, 2004

Xavier Sala-i-Martin - "Why I am not a Keynesian"

The good professor gives a few reasons not to buy into the notion that governments are necessarily any more competent than the private sector in running things. Below are just a few of the examples he provides:

Here's one ...
Road Sign

Here's another ...
Pylon on Road


And the best is left for last ...
Rattus Rattus

Just a few things to keep in mind when evaluating calls for government to "do something!"

UPDATE: On the advice of Andrew Brown, I've replaced the old "Secret Nuclear Bunker" example with a more appropriate display of government incompetence; as it turns out, the "Secret Nuclear Bunker" sign indicated a disused World-War II bunker. Hey, private actors make mistakes too, but at least your tax-money didn't pay for this one!