No, Melissa, there isn’t a Santa Claus

posted by
December 25, 2011
Ludwig von Mises Institute
by DW MacKenzie  
Posted in Commentary

"Reliance on bureaucrats is a necessary part of government, but hardly desirable. Bureaucrats are supposed to serve the public. Economic science points to agency problems in public bureaucracies. Bureaucrats, as agents of the public, should serve the public. Since neither elected officials nor ordinary citizens have strong incentives, let alone enough time, to monitor bureaucrats, these functionaries have leeway to pursue their own interests, at the expense of the general public. Bureaucrats have poor reputations for public service, and deservedly so." (12/24/11)  

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