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To: Twotone

The elite eco-snobs running the EPA are like teenage kids with shotguns. They have so much they want to accomplish yet have no idea about the responsibilities they have to the public.

Moreover, they cannot fathom that government, especially one supposedly based on limited and enumerated powers (now maybe moot thanks to Justice Roberts), has limits. There is a limit to where it can reach and grasp for control and power.

F.A. Hayek showed in his 1974 Nobel Lecture, “The Pretence of Knowledge” that no committee of experts can know enough to regulate and control a vast society and economy. Such efforts always have inefficiencies and failures. The key may lie in simply having government set standards and making it public where they think people, corporations and institutions (like the Defense Department) fail to meet those standards.


14 posted on 06/29/2012 9:51:10 AM PDT by theBuckwheat
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To: theBuckwheat
F.A. Hayek showed in his 1974 Nobel Lecture, “The Pretence of Knowledge” that no committee of experts can know enough to regulate and control a vast society and economy. Such efforts always have inefficiencies and failures.

This was a theme being developed for a century by the Austrian-school economists.

Hayek took the lead in generalizing it to the whole of society, and determining individual freedom as the signal enabling characteristic of the most prosperous and peaceful nations; indeed, a defining characteristic of modern civilization.

He summed up this aspect of his life's work in his final monograph, The Fatal Conceit.

Of course, the United States, considered as a nation and a polity, have by now lost much of this. It remains to be seen (by you the reader, as it happens) whether prosperity and peace can be recovered here,and chaos and pestilence averted. And if not soon on these shores, where, and when?

26 posted on 06/29/2012 11:09:16 AM PDT by Erasmus (Zwischen des Teufels und des tiefen, blauen Meers)
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