George Will on the ridiculousness of the US Export-Import bank. It’s a beautifully told story about an ugly and tangled institution. Complex systems are complex. Why do people not understand this? Why do people insist on trying to manipulate and control those uncontrollable systems? Oh, right, it’s because if they (politicians) do, they win (buy) votes in the process. Big government begets big government. Sometimes you get what you ask for and sometimes what you get is not what you wanted. But alas, complex systems are complex…
If you’re tempted not to click on the link above, I entice you with this thrilling finale in standard Will-ian statement of fact:
“In Washington, the penalty for slipping the leash of law is a longer leash and a larger purse.”
PS: Don Boudreaux has comments no this here.