Tuesday, December 22, 2009

Quote of the day

Obama Administration economic adviser Christina Romer:
"The very first email I got [was] from a women's group saying 'We don't want this stimulus package to just create jobs for burly men.'"
And that's how the sausage gets made in Washington. In the private sector money is allocated based on its potential to make a profit and perform a useful function. In government the money is allocated based on influence. Which process is more likely to produce an outcome better for the economy?

No comments: