Christopher Westley, an economist from Jacksonville State University, recently had an article published on the Internet website www.mises.org touting his new Law of Economics. “Westley’s Law states that government grows on low expectations.” He goes on to note “it means that consumers apply much lower standards to government output, no matter what it is, than they do to the output that results from private markets.”
Mr. Westley’s comments certainly apply in the Bahamian scheme of things.
Some examples of Government failure
