4 ms·

This lack of feedback can be extrapolated to the entire government. It's a well defined problem: https://mises.org/library/economic-calculation-socialist-commo

This lack of feedback can be extrapolated to the entire government. It's a well defined problem: https://mises.org/library/economic-calculation-socialist-commonwealth https://mises.org/library/economic-calculation-socialist-com...

Shebanator 8y ago
Do you think that is only a problem in government? Fads are a fundamental part of human nature. In tech, we have many examples: Agile, Ruby on Rails, React, RISC, OOP, microservices, and so on and so on. All have some real benefits, but also have or have had huge hype cycles. You can make the same argument for most other industries (if not all of them). And then there are things like diets, religions, etc.
- WalterBright 8y ago
  > Do you think that is only a problem in government? Nope. But businesses fail when they succumb to fads, while government just raises taxes.
  - lern_too_spel 8y ago
    School boards and other elected officials get voted out. Not every time, but businesses that latch onto fads don't fail every time either, as anyone can see.
- swebs 8y ago
  Read the post you're replying to. The problem is lack of accountability, not fads.