Monday, October 21, 2013

Good for politicians, Bad for the public

RealClearMarkets - Voters Beware: What's Good For Politicians Is Bad For You: " . . . . When evaluating a policy, one needs to look beyond the short term. Policies that deliver a benefit now may not be good policies if the full, long term cost of the policy is carefully considered. These longer run costs are often neglected or hidden by the interests who stand to gain now from the policy. However, if we want a good future for ourselves and future generations, we need to learn to think longer term when we evaluate and design policies. Politicians like these policies because the gain comes now and helps them get re-elected by bragging about what they accomplished. The costs come later by which time the politicians hope we forget who we can thank for those costs. Voters need longer memories and to think long term. What is good for politicians is usually bad for the country."


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