Friday, January 4, 2013

The Right Point...

Why would a train (carrying biofuel) cross the U.S.-Canada border 24 times without unloading?  Why, because they could make millions of dollars that way, of course!  Read about it here

The author makes exactly the right point: this only happened because of central economic planning.  In a free market, this wouldn't have made any sense at all.  With the unintended (I'm willing to presume) consequences of central planning, these sorts of outcomes are almost inevitable.  Given the opportunity, people will game the system.  It's in our selfish genes...

No comments:

Post a Comment