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 Whatever the statists touch, turns to shit: a lot of OZschwitz reforms backfired

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RR Phantom

RR Phantom

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Whatever the statists touch, turns to shit: a lot of OZschwitz reforms backfired Vide
PostSubject: Whatever the statists touch, turns to shit: a lot of OZschwitz reforms backfired   Whatever the statists touch, turns to shit: a lot of OZschwitz reforms backfired Icon_minitimeSun Nov 10, 2019 8:06 pm
As someone who, back in the day, did his share of being one of Paul Keating’s pet shop galahs – screeching "more micro reform!" every time they saw a pollie – I don’t cease to be embarrassed by the many supposed reforms that turned into stuff-ups.

Whatever the statists touch, turns to shit: a lot of OZschwitz reforms backfired 1478773897577

My defence is that at least I’ve learnt from those mistakes. One thing I’ve learnt is that too many economists are heavily into confirmation bias – they memorise all the happenings that affirm the wisdom of their theory, but quickly cast from their minds the events that cast doubt on that wisdom.

https://www.smh.com.au/business/the-economy/confessions-of-a-pet-shop-galah-a-lot-of-reform-backfired-20191107-p538gr.html
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