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Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to read more
Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.
Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And read more
Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
This is a test. It is only a test. Had it been an actual job, you would have received raises, read more
This is a test. It is only a test. Had it been an actual job, you would have received raises, promotions, and other signs of appreciation.
We are all manufacturers. Making good, making trouble, or making excuses.
We are all manufacturers. Making good, making trouble, or making excuses.
Few great men could pass personal.
Few great men could pass personal.
If your outgo exceeds your income, then your upkeep will be your downfall.
If your outgo exceeds your income, then your upkeep will be your downfall.
Bulls make money. Bears make money. Pigs get slaughtered.
Bulls make money. Bears make money. Pigs get slaughtered.
The financial climate is the worst it's been in 25 years.
The financial climate is the worst it's been in 25 years.
I've got a living to make, to put it plainly; there's more money in shocking and terrifying than in edifying.
I've got a living to make, to put it plainly; there's more money in shocking and terrifying than in edifying.
