I wrote a four-part series last year about coronavirus and big government (here, here, here, and here), so it goes without saying that the first two lines of this tweet deserve some sort of accuracy award for hitting the nail on the head.
But the sentiment expressed in the last line of the tweet also deserves some sort of award.
I don’t know if the award should be for false hope or naive expectation, but I am sadly confident that everything will stay the same. Or perhaps get even worse.
Simply stated, instead of the deregulation that’s needed, here are some more likely outcomes.
- The World Health Organization will get rewarded with a bigger budget and more power, notwithstanding its failures.
- The Centers for Disease Control will get rewarded with a bigger budget and more power, notwithstanding its failures.
- The Food and Drug Administration will get rewarded with a bigger budget and more power, notwithstanding its failures.
Why am I so pessimistic? Because I understand “public choice,” which is the application of micro-economic analysis (things like incentives) to the behavior of politicians and bureaucrats. In other words, people in Washington act in ways to advance their own interests.
Just in case all this isn’t clear, here are a few headlines and tweets to drive the point home.
We’ll start with an understatement.
And here are examples of that failure.
Starting with a column in the Wall Street Journal.
And this tweet.