MicroGroks
What I am paid, and what jobs I am will to do for that pay and under what circumstances, is none of your business. What others are paid, and what others are willing to do for what pay and under what circumstances is their business and no one else’s. As equal moral agents they are entitled …
Economics is all about the study of scarcity and tradeoffs of which there are many. We know this because prices for different products are all different. Just because someone wants something doesn’t mean that it HAS to be available to them at their desired price point.
Capitalism cannot just be summed up as voluntary acts of transaction in which both sides believe they have received the greater value.
An objective look at the limitation of our knowledge – how difficult is it to know whether we are making good decisions even in our own lives, let alone in those of anyone else? – reveals that in fact we are typically in no position to judge what is good for others.
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 …
Notable Quote – This Is Why Decentralization of Society is so Important Read More »
What has changed over humanity’s recent history is not biology, psychology, physiology, ecology, or geography. What has changed, instead, is their attitudes. As economic historian Deirdre McCloskey has demonstrated in her magisterial three-volume investigation under the general title The Bourgeois Era, the most salient factor distinguishing the post-1800 era from everything that went before is the attitudes people held …
So few governors with access to such Kingly Pandemic Powers refused to use them. Those few who showed restraint are to be congratulated but Chris Sununu is not among them.
