Sage Words from Herbert Stein

The following quote from Herbert Stein of the American Enterprise Institute is well worth reading. Though dense and wordy, it rings so true.

"Some people say that employers have a social responsibility to commit themselves to providing more assured employment. But would this social responsibility extend to paying workers as much as they would get without that commitment? And, if it did, would investors have a social responsibility to provide as much capital and on the same terms as they would without the employment commitment? And would consumers have a social responsibility to buy as much product if the commitment entailed higher prices? And who would have a social responsibility to the people who did not get employed in the first place because it would have entailed too large a commitment?"

The next time Mr./Mrs./Dr. "insert liberal politician here" talks about "economic policy" ask them this question. On second thought, don't, they just won't understand.