Ludwig von Mises once said, "Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law." My entire series, "Supply, Demand, and Price" is a catalog of sad examples of our rulers creating failures and tragedies by ignoring the laws of economics.
Unfortunately, these days our rulers are no longer content with pretending that only the laws of economics are subject to their control and revision. They are trying to make the laws of biology subject to their will, as well. And, like ignoring laws of physics and economics, this leads to tragedy and disaster.
Copybooks were the manuals used to teach children writing. Back when Kipling wrote the poem referenced in my title, the exercises were basic moral doctrines.
1 comment:
Nowadays they seem hellbent on not evening admitting that physics and biology restrict them.
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