Sunday, October 19, 2003
FOREST SERVICE ACCOUNTING—OR WHY THE GOVERNMENT DOESN'T WORK
In 1988 Randal O’Toole wrote Reforming the Forest Service, published by Island Press. Although the Forest Service probably does not consider O’Toole a friend, he makes several very cogent points. A literary device he uses is to juxtapose Lee Iacocca and an imaginary former chief of the Forest Service. Suppose, writes O’Toole, that Lee Iacocca sells $100,000 of Chrysler stock and purchases timber stock on the advice of the former chief. A year later this investment has dropped from $50 to $30 a...
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