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Public Choice 101

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My colleague Walter Williams reminds us that rules of the game — and the incentives that these rules create — matter far more than do personalities:

Many [people] think things can be changed by electing different politicians. But
I ask: Given the incentives politicians face, why should we expect one
politician to differ significantly from another? We should focus less
on personalities and more on rules.

He explains further in this column [2].

And Robert Samuelson, in his column today [3], makes the complementary observation that in politics "There is a consensus against candor, because there is no constituency for candor."

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