Here’s another great observation from Thomas Sowell‘s latest book, Dismantling America:
Economics and politics deal with the same fundamental problem: What everyone wants always adds up to more than there is. Economics can give no solution to that problem, and can at best offer various ways that trade-offs may be made, in order to try to optimize the inherently limited possibilities. But politics offers solutions every day ? however illusory, counterproductive, or even disastrous those solutions may turn out to be. In the short run, which is when elections are held, politicians are a lot more popular than economists.
