Examining The Cost of Government Economic Planning

Logo of the United States Economic Development...

Image via Wikipedia

In the name of “economic development,” state and local governments spend seemingly infinite resources on “visions,” “planning,” “offering incentives,” and the like to create the appearance of business prosperity. But it’s not real. The problem is that well-intended entrepreneurs get duped into thinking their idea is profitable in the context of the government’s plan. But as I said above, support for a product is not the same as support for a business model.

via The Cost of Government Economic Planning — Mises Economics Blog.

This article is a good micro example of a macro problem.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: