Saturday, February 29, 2020

Quote by Prince Michael of Liechtenstein

"Governments’ excessive spending and oversized bureaucracies have created staggering public deficits. The unduly elevated role of public administration sucks talent away from the productive sectors of manufacturing and services into deadweight bureaucratic overhead. Lately, one can hardly avoid the impression that many regulations serve to justify public jobs rather than aid society. This amounts to a massive burden on the economy, especially in Europe, vastly contributing to the declining competitiveness on the continent." --- Prince Michael of Liechtenstein

https://www.gisreportsonline.com/opinion-harmful-attempts-to-plan-and-regulate-the-global-economy,economy,3101.html

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