Mises Wire

Mismanaging the World

Mismanaging the World

Why does the US keep being surprised by events? Because the government, whether at home or abroad, acts like an irresponsible teenager driving a fast car. The decision calculus is myopic in the extreme. No thought is given to the effect of its decisions on others, and no uncertainties are ever presumed. When the crash occurs, there are fleeting moments of regret, but no actual learning. Ultimately, the US knows it can always flee the scene of the crime. [MORE]

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