Tamny: 'One genius is never going to be a fraction as smart as the masses'

"The politicians and their experts are the crisis," says economist John Tamny.

The Randy Tobler Show
May 07, 2020 - 7:30 am
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(KFTK) –  Real Clear Markets editor John Tamny says the Covid-19 crisis was exacerbated when the decision-making process occured with a limited number of people.

"What we know throughout history, is that one genius is never going to be a fraction as smart as the masses," says Tamny, "that's the point of the markets."

Tamny says it is dangerous to leave the marketplace out of addressing crisises.

"You're basicially ignoring the marketplace, this massive creator of knowledge and information, and insead relying on the few," says Tamny, "in short, the politicians and their experts are the crisis."

 

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