Wednesday, January 04, 2006

Greg Mankiw's List

I have been looking for this since I read it in the WSJ. They don't put things up unless you subscribe to the eJournal, and I hate "subscription" entries in blogs. My subscription doesn't help you....

Anyway, former CEA honcho Greg Mankiw has a list of resolutions for politicians. Very nicely done.

#7: This year I will be modest about what government can do. I know that economic prosperity comes not from government programs but from entrepreneurial inspiration. Adam Smith was right when he said, "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice." As a government official, I am not going to promise more than I can deliver. I am going to focus my attention on these three goals--peace, easy taxes, and a tolerable administration of justice--and I am going to trust the creativity of the American people to do the rest.


(and a nod to JC at JLI)