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Monday, October 20, 2008

Human Nature And Regulations, Checks, And Balances

Absolutely smashing article.

http://www.huffingtonpost.com/eric-lane-and-michael-oreskes/what-the-framers-knew-and_b_136012.html What the Framers Knew and Alan Greenspan Didn't
Eric Lane and Michael Oreskes  
Posted October 19, 2008 08:27 PM (EST)

  ...The Framers left us both their document, the Constitution of the United States, and a fundamental lesson in self-government that we could all benefit from recalling: a system which counts on individuals to restrain their self-interest historically fails. But a system that anticipates and encourages the pursuit of self-interest while creating checks on it can succeed magnificently. Or as Madison put it, but what is government itself, but the greatest of all reflections on human nature?

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