Thoughts on economics and liberty

You want sweet talking crooks in power? Then pay them peanuts. – Lee Kuan Yew

A good quote from Lee Kuan Yew:

Ministers who deal with billions of dollars cannot be paid low salaries without risking a system malfunction. Low salaries will not attract able men who are or can be successful in their professions or business. Low salaries will draw in the hypocrites who sweet talk their way into power in the name of public services, but once in charge will show their true colour, and ruin the country. This has happened in many countries.

Thanks to Joyson Fernandes for the hat tip.

Sanjeev Sabhlok

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