Setting Political Time Bombs

via Setting Political Time Bombs

Politics is one field where an individual or group can take economically foolish actions for which they pay no price, indeed for which they can receive praise and reward, only to leave the aftermath to be blamed on someone else.

Thomas Sowell refers to “intellectuals” as those whose only work product is ideas. In particular, they are those whose ideas are never tested against reality.

In the case of politics, the ideas may well be tested, but if they blow up, it’s never the fault of the shiny program the politicians enacted.

The “time bombs” referred to above deal with the mortgage crisis, but there are lots of time bombs in pace or on the assembly line.