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Detroit & Stockton Bankruptcies Expose Democracy's Great Flaw – Short-Term Politics Trumps Long Term Planning
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Blog

Detroit & Stockton Bankruptcies Expose Democracy's Great Flaw – Short-Term Politics Trumps Long Term Planning

Democracy and Power 106: A Politician Receives No Reward for Good Policy or Penalty for Bad PolicyIt is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong. —Thomas SowellIn a democracy, a politician has no ownership-interest in the state. There is no financial gain for wise, policy decisions, nor  is there financial loss for bad decisions.

07/28/2013
The FreedomCast - Episode 29 - Cate Long on Stockton California's Bankruptcy and Government Inefficiencies
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The FreedomCast - Episode 29 - Cate Long on Stockton California's Bankruptcy and Government Inefficiencies

On today’s edition of The FreedomCast, Reuters columnist Cate Long joins me to talk about Stockton California’s bankruptcy, government inefficiency and if we can ever get state legislators across the country to not be stuck on stupid. 

04/18/2013