Do not think about, write about or deal with human behavior without determining the effects of incentives.
These tell their own story. and a frightening one it is.
Adam Smith is not the only 18th century Scotsman to have a sense of reality.
Alexander Fraser Tytler, Scottish lawyer and writer, in 1770: "A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy."
Cheerio and ttfn,
Grant Coulson
Cui Bono–Cherchez les Contingencies
