Sunday, August 4, 2013

Delusions of grandeur, government power, suffocating regulations

A Devil's Bargain In The Desert: Hoover Dam And The Coming Of The Leviathan State - Forbes: " . . . the proliferation of regulations since the 1930s has made the great endeavors of Keynesian worship all but impossible.  The Empire State Building went up in eighteen months and ended a competition for the title of “world’s tallest building.”  By contrast, cutting through red tape and building anew at Ground Zero took a decade. In rare cases, an economic activity has unavoidable federal implications.  Most other times, central planners are just indulging delusions of grandeur meant to expand government power.  Such Keynesian dreams of activist government and the realities of a suffocating regulatory state are one and the same, the stuff of nightmares."

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