September 29, 2006
The cleverest thing I've read today

Daniel Davies in The Guardian:

The phrase "The status quo is no longer an option" is reliably the leper's bell of the modern managerial idiot. It is almost always wrong. Like Status Quo, the status quo is often vastly underrated simply because it is unfashionable. The great thing about the status quo is that it is not any worse than the status quo. Surprisingly few proposals for "radical and far reaching reform" can actually beat this standard.

In reference to private organizations, I agree. In reference to the government, the bar is lower. (Excercise for the reader: imagine why would that be.) Universities are somewhere in the middle.

Posted by Lawrence H. White at 04:42 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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