Saturday, May 13, 2006

Economics In Strange Places

"Good resolutions are useless attempts to interfere with scientific laws. Their origin is pure vanity. Their result is absolutely nil. They give us, now and then, some of those luxurious sterile emotions that have a certain charm for the weak. That is all that can be said for them. They are simply cheques that men draw on a bank where they have no account."

No this quote did not come from Hayek. It came from Oscar Wilde's The Picture of Dorian Gray (104). Wilde puts it better than Hayek. Good intentions pave the road to hell. Good intentions are lies bureaucrats like myself and my colleagues tell ourselves to justify our plunder.

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