{"id":843,"date":"2010-08-12T09:06:56","date_gmt":"2010-08-12T14:06:56","guid":{"rendered":"http:\/\/www.joewhite.com\/?p=843"},"modified":"2010-08-12T09:07:11","modified_gmt":"2010-08-12T14:07:11","slug":"policy-is-the-problem","status":"publish","type":"post","link":"https:\/\/www.joewhite.com\/ramble\/2010\/08\/policy-is-the-problem\/","title":{"rendered":"Policy is the Problem"},"content":{"rendered":"<p>Peter Boettke, <a href=\"http:\/\/www.coordinationproblem.org\/2010\/08\/policy-is-the-problem.html\">Policy is the Problem<\/a>:<\/p>\n<blockquote><p>Bottom line, it is policy that is causing the slow adjustment of the market to changing circumstances, not market forces themselves.  All readers must remember Adam Smith&#8217;s words: &#8220;The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security, is so powerful a principle, that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often incumbers its operations.&#8221;  When this doesn&#8217;t happen, we need to ask about the thousands of impertinent obstructions that are incumbering the adjustment path.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Peter Boettke, Policy is the Problem: Bottom line, it is policy that is causing the slow adjustment of the market to changing circumstances, not market<\/p>\n","protected":false},"author":647,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[],"class_list":["post-843","post","type-post","status-publish","format-standard","hentry","category-random-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pekNN-dB","_links":{"self":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/posts\/843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/users\/647"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/comments?post=843"}],"version-history":[{"count":1,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/posts\/843\/revisions"}],"predecessor-version":[{"id":844,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/posts\/843\/revisions\/844"}],"wp:attachment":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/media?parent=843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/categories?post=843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/tags?post=843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}