Thursday, January 20, 2011

Hot Town, Summers in the City

George Will explains why former Harvard President and Obama Administration econ advisor Larry Summers is a dunce. Well, maybe not a dunce but worse. A smart guy who has it all wrong about giving the federal government more money to do more stuff.
The idea that America's problem of governance is one of inadequate resources misses this lesson of the last half-century: No amount of resources can prevent government from performing poorly when it tries to perform too many tasks, or particular tasks for which it is inherently unsuited.
Read it all.

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