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NauenThen

Monday Quote

Bureaucracy is not an impediment to democracy but an inevitable complement to it.
~ Joseph Schumpeter

And not only inevitable but enviable, according to a Thomas Friedman column I read years ago in the Times & have never forgotten, in which he say, "Indeed, what foreigners envy us most for is precisely the city Mr. Bush loves to bash: Washington. That is, they envy us for our alphabet soup of regulatory agencies: the S.E.C., the Federal Reserve, the F.A.A., the F.D.A., the F.B.I., the E.P.A., the I.R.S., the I.N.S. Do you know what a luxury it is to be able to start a business or get a license without having to pay off some official?"

The free market people claim that the market does this regulating, no agencies necessary. They have no interest in the public good.

I could go on & on. Click on the caption, read Friedman, & if you feel like it, let me know what you think.
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