Sublime
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Zoning Out - First Things
Everything we get, outside of the free gifts of nature, must in some way be paid for.
Henry Hazlitt • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
He saw that how violence is organized and controlled plays a large role in determining “what uses are made of scarce resources.”8 Lane also recognized that while production of violence is not usually considered part of economic output, the control of violence is crucial to the economy. The primary role of government is to provide protection against
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
The idea of having “enough” might look like conservatism, leaving opportunity and potential on the table.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
La conclusion de tout ceci est que l’économie se pétrifie et devient totalitaire, chaque entreprise, chaque travailleur salarié est à la merci du gouvernement et toutes les libertés traditionnelles que nous avons connues s’évanouissent. Alexandre Hamilton, il y a un siècle, écrivait dans le Fédéraliste : « Tout pouvoir qui réglemente la vie
... See moreBenoît Malbranque • l'Économie en Une Leçon
I will argue that a market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives. Markets are consistent with our views of individual liberty.
Charles Wheelan • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds, “Yes, but I have something he will never have … enough.” Enough. I was
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
les emprunts consentis par des prêteurs privés utilisent à plein toutes les ressources et tous les capitaux existants beaucoup mieux que les emprunts faits par l’État. Les emprunts d’État gaspillent beaucoup plus de capitaux que les emprunts privés. Les emprunts d’État, en un mot, comparés aux emprunts privés, loin d’augmenter la production, la
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