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Democracy and Power 106: A Politician Receives No Financial Gain for Good Policy or Punishment for Bad Policy

It 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 Sowell

In a democracy, a politician has no ownership interest in the state. There is no financial gain for wise policy decisions. Nor financial lose for bad decisions.

A politician’s rewards are immediate – power, prestige, and perquisites.

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About Ted Abram

Personal freedom for humanity is my pursuit. A world with free-people thinking, speaking, creating, producing, competing and exchanging ideas advances the world of commerce, science and art. Personal freedom includes personal responsibility and respect for the freedom of all people.

A retired Oregon judge, I was a member of the Peace Corps in Guatemala and Liberia, West Africa. Having lived in Europe, Africa, and South America, I currently reside in Klamath Falls, Oregon and am Executive Director of the American Institute for Full Employment.