Human beings are going to make mistakes, whether in the market or in the government. The difference is that survival in the market requires recognizing mistakes and changing course before you go bankrupt. But survival in politics requires denying mistakes and sticking with the policies you advocated, while blaming others for the bad results.
Tuesday, February 10, 2009
Competition is better than Monopoly
I'm heading to the National Pastors Convention (I won a free registration). Meanwhile, here's wisdom from Thomas Sowell: