July 10, 2017

Quote of the Day

The strange fact is that if an economist (or anyone else) ever insisted that the imperfect realities of actual government operations be compared only with imagined ideal markets -- and then policy decisions be made on the basis of the outcomes of these comparisons -- that person would correctly be ridiculed as an unscientific ideologue. And yet when the comparisons are reversed -- when the imperfect realities of actual markets are compared to imagined ideal government operations -- few people outside of the public-choice school blink an eye. And then when public-choice scholars blink their eyes at such misleading comparisons, they are accused of being ideological hacks! Quite stunning, really. -- Don Boudreaux
Quote of the Day Posted by John Kranz at July 10, 2017 6:31 PM

There must be a stronger word that also means "hypocrisy."

Posted by: johngalt at July 11, 2017 3:30 PM

Heh. There are many it turns out. But the most appropriate one in this case is, I think, "phoniness."

Posted by: johngalt at July 11, 2017 3:34 PM | What do you think? [2]