By John C. GoodmanThe Independent Institute
Just as noneconomists think wages can be set at any level, some people think that any public policy is possible. If wages are judged to be too low, the noneconomist thinks thatâ€™s because the business owner is hardhearted. If a public policy is judged insufficiently generous, the person unfamiliar with public choice thinks that public officials are hardhearted. In both cases, the error is the same: the belief that decision makers have enormous discretion when, in fact, they have very little.
The Politics of Spending Decisions Read More: http://blog.independent.org/2012/07/25/how-much-do-you-trust-the-government-politics-patients-and-perverse-incentives/