Niskanen on Legislating in Panic

December 18th, 2012

David Boaz links to thoughts from the late Bill Niskanen on what happens when Congress is “legislati[ng] in haste.”

Slow Down the Political Response to a Perceived Crisis

By William A. Niskanen

Repeating his plea for the fiscal stimulus plan on February 5, President Obama said that “The time for talk is over. The time for action is now, because we know that if we do not act, a bad situation will become dramatically worse. Crisis could turn into catastrophe for families and businesses across the country.”

This is the fifth time in my adult life that the president has asked for or asserted unprecedented authority on an expedited basis with little or no congressional review. Each of the prior occasions turned out to be a disaster.

Wise words to consider.