All Posts Tagged With: "watchful eye fallacy"

Six Political Illusions: A Primer on Government for Idealists Fed Up with History Repeating Itself

You don’t believe in magic, do you? Magicians employ a variety of tricks to deceive audiences into thinking that something has happened that can’t. They are masters of illusion. Adults know that they’re being fooled when the rabbit seems to materialize out of an empty hat. Magic is harmless fun, but the government is not. [...]

25May2011 | George C. Leef | 1 comment | Continued

Can Government Save Us from Manmade Disasters?

Please, folks, can’t we have a little more sophistication about what it takes to prevent environmental disasters? The politicians seem to be stuck on the idea that more government is the solution, and many journalists echo the theme. In discussing the BP spill and several other manmade environmental disasters last summer, Washington Post reporters David [...]

22Oct2010 | James L. Payne | 3 comments | Continued

The “Watchful Eye” Fallacy

Because they are made of the same human stuff, it is unreasonable to expect government officials to correct errors being made in the marketplace. A look at the market failures Obama alluded to in his speech bears this out. Take the speculative bubble in housing. Did senators see the danger before the rest of us and pass laws to limit the purchase of real estate? Of course not. They participated in the housing boom along with everyone else.

21May2009 | James L. Payne | 4 comments | Continued
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