Post Tagged with: "H.R. 1734"

February 27, 2012 08:07

A Whiff of Privatization

[D]on’t waste time trying to reform bureaucracies or make them more efficient. Only the profit-and-loss calculus in competitive markets can do that. Put any federal agency on the block if it is performing a function that conceivably could earn a profit, and sell it to the highest bidder. (If there are no bidders, you’re looking at an economically unviable operation, so axe it—unless our lives depend on it.)