There’s a lot of talk about partnerships in the new administration. Public/private partnerships for green energy, state/Federal partnerships for social services, etc. There’s only one problem with that:

As bankers now realize, when you turn to the government for financial assistance you take on an untrustworthy partner.

via Gerald O’Driscoll Says Congress Would Politicize the Bank-Nationalization Process –

Why is government an untrustworthy partner? It’s not because there’s anything wrong with the people in government. Governments (at least democracies) are political and respond to whatever political wind is blowing at the time. The wind, to use Bob Dylan’s phrase, is often an idiot wind – and you should never take an idiot as a partner.

We get the government we deserve.


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