The economy is the sum of individual actions, which are all guided by incentives. Set up poor incentives, and each individual poor decision might not matter too

The economy is the sum of individual actions, which are all guided by incentives. Set up poor incentives, and each individual poor decision might not matter too much, but the collective result can be awful. The idea that we ought to throw our trust in with bureaucrats is kind of ridiculous, particularly in the age of Trump. But even if this were Scandinavia, incentives would still matter.