Great Mind Fallacy Archives - Granite Grok

Great Mind Fallacy

Socialism takers moochers looters

Are You Part of the Top 1%?

Inspired by Skip’s recent Notable Quote post from Café Hayek, I got to thinking about the basic differences between a free market economic system and socialism.

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Notable Quote – This Is Why Decentralization of Society is so Important

The “Great Mind Fallacy,” or GMF … has two aspects. Its first is to believe that there is some person or group of people who possess enough information, and is endowed with sufficiently superior character, that we can safely entrust with the authority of crafting policy for citizens. Its second aspect is to endorse public …

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