Prof. Don Boudreaux Archives - Granite Grok

Prof. Don Boudreaux

Notable Quote – It’s Unfortunate That “Spontaneous Order” Isn’t Better Recognized

The first peculiarity of a spontaneous order is that by using its ordering forces (the regularity of the conduct of its members) we can achieve an order of a much more complex set of facts than we could ever by deliberate arrangement, but that, while availing ourselves of this possibility of inducing an order of …

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COVID hypocrisy Powerline

“Mindless and Mortifying Covid Theater”

All of you here know that I frequent Cafe Hayek. This time, one of the proprietors, Prof. Don Boudreaux (and principle writer), has a marvelous rant after visiting Strathmore (??) to point out the idiocy of the Ruling Classes on The Jab and the Mask and asks the question “why are you really doing this?”

Abolish Private Ownership

Notable Quote – At Some Point, Govt Regulations Become A “Taking,” Right?

A Twofer! First: “Even the failure and disintegration of socialism in Eastern Europe and the former Soviet Union has not led to a clear response to the next question: if government ownership of the means of production is so bad, why is government regulation of the private means of production so good?”

Delayed Gratification

THIS is Delayed Gratification!

One of my (and should be EVERYONE’S!) pet peeves is the Left’s utter denigration of delayed gratification. The sense of putting off immediate desires for better outcomes in the future.

adam-smith1

Notable Quote – Adam Smith

The person who employs his stock in maintaining labour, necessarily wishes to employ it in such a manner as to produce as great a quantity of work as possible. He endeavours, therefore, both to make among his workmen the most proper distribution of employment, and to furnish them with the best machines which he can …

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Quotes

Notable Quote – why do we trust public officials as if they were non-partisan?

These People are politically driven. Even if (contrary to fact) there were a scientifically determinable single best course of government action in this crisis, what reason have These People given us to believe that they are capable of finding that course and of understanding it? And even if These People could find and understand this scientifically ‘best’ course of …

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Quotes

Notable Quote – Prof. Don Boudreaux

Emphasis mine: Industrial policy is the replacement of price-guided resource-allocation patterns with commands issued by politicians and their hirelings. But as Hayek points out, it is impossible for politicians and their hirelings to possess any of the “knowledge of the particular circumstances of time and place” that must be known if the resulting use of …

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Price

Notable Quote – Prof. Don Boudreaux

…This system of prices and wages conveys reasonably reliable information to each individual about the consequences that will be experienced not only by her, but also by other people – most of them complete strangers – as a result of her choice of how to use her resources.