by Claudio Grass, Claudio Grass:

I’ve written countless articles on the topic of central planning and its failures, practical, economic, political and moral. In some cases, the arrogance of the central planners results in real devastation, often in actual loss of life and property, and the price for their mistakes is paid by not just the people they directly hurt but even by the generations to come.

In other cases, their blind ego and their unshakable belief that they can do no wrong, for they know better than anyone else, alive or dead, just results in comical blunders. Stupid policies to rectify stupid non-problems that nobody really cares about frequently backfire and make the original non-problem worse. Nobody gets hurt in the process. Sure, taxpayers get to pay for all these blunders and they keep paying the individuals responsible for them, since accountability really isn’t a top priority in the public sector. But that’s the least of our concerns when it comes to mismanagement of public finances, given the billions and trillions that are wasted globally, or even worse, being used to fund programs and policies that directly against our own interests.