When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, March 1, 2013

What government can and cannot do

"government is shrinking and the horizons of its ambitions narrowing"
--and that's a good thing!--

Obama sees the limits of government | The Edgy Optimist: " . . . In fact, the suite of tools encompassed by information technologies on the Web may be adding more to income and affluence than we think or than official statistics show. According to Eric Brynjolfsson of the Massachusetts Institute of Technology, “free goods” of the Internet, like Google, could be adding as much as $300 billion to our gross domestic product each year. That has nothing to do with government and is clearly boosting quality of life. One day, we will look back on this era as a period of transition. The problem is that we don’t know what we are shifting to, or whether it is something we will perceive as better or worse. Government will be one aspect of that transition. But it would be a mistake to see it as the axis of that transition. The current Washington debates ‑ about whether there will be a “sequester” or not, a drastic cut in spending or only a small one ‑ demonstrate that government is shrinking and the horizons of its ambitions narrowing. Given the limitations of what government can and cannot do, that is hardly something to mourn or decry. . ."

Move over Washington--and get out of the way!


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects