Friday, January 8, 2021

Quote of the Day: 8 January 2021 #QotD

“Human beings are going to make mistakes in any kind of economic system. The key question is: What kinds of incentives and constraints will force them to correct their own mistakes?” -Thomas Sowell
“Human beings are going to make mistakes in any kind of economic system. The key question is: What kinds of incentives and constraints will force them to correct their own mistakes?” -Thomas Sowell
[Certainly not central planning, where the decision maker bears little to no risk from their decisions.]

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