Friday, May 28, 2010
Wednesday, May 26, 2010
Social cooperation
Ludwig von Mises: "What alone enables mankind to advance and distinguishes man from the animals is social cooperation." - Liberalism
Mind over matter
Ludwig von Mises: "What counts is not the data, but the mind that deals with them…. Galileo was certainly not the first to observe the swinging motion of the chandelier in the cathedral at Pisa." - Epistemological Problems of Economics
Saturday, May 8, 2010
Paper Wealth
"We are now taught to believe that legerdemain tricks upon paper can produce as solid wealth as hard labor in the earth. It is vain for common sense to urge that nothing can produce but nothing; that it is an idle dream to believe in a philosopher's stone which is to turn everything into gold, and to redeem man from the original sentence of his Maker, 'in the sweat of his brow shall he eat his bread.'" --Thomas Jefferson to Charles Yancey, 1816. ME 14:381
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