Unintended consequences and perverse incentives from political choices

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How small of all that human hearts endure That part which laws or kings can cause or cure!

-- Samuel Johnson

And in order to refloat the economy whose functioning has been so largely impaired by past interventions, those same critics of capitalism clamor for more interventions, more planning, and hence a further emasculation of our economy. It is as though one poured sand into an engine and then hoped to start it up again by pouring in more sand.

-- Wilhelm Roepke

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.

-- Joseph A. Schumpeter


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