I've been reading his 'The Worldly Philosophers' and it seems to me that he considers Georgism to be somewhat of an irrelevant cult. He writes, 'the whole doctrine was anathema to the world of respectable opinion.' What are your opinions on him?
>If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can only gain at the expense of another.
Milton Friedman
>A major source of objection to a free economy is precisely that it … gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman
>The direct use of physical force is so poor a solution to the problem of limited resources that it is commonly employed only by small children and great nations.
David Friedman
>See, when the Government spends money, it creates jobs; whereas when the money is left in the hands of Taxpayers, God only knows what they do with it. Bake it into pies, probably. Anything to avoid creating jobs.
Dave Barry
>I don’t think you can spend yourself rich.
George Humphrey
>The only thing worse than being exploited by capitalism is not being exploited by capitalism.
Joan Violet Robinson
>The real minimum wage is zero: unemployment.
Thomas Sowell
>All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.
Milton Friedman
>When you start paying people to be poor, you wind up with an awful lot of poor people.
Milton Friedman
>Every individual necessarily labors to render the annual revenue of society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is, in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.
Adam Smith
>I’d rather be vaguely right than precisely wrong.
J.M.Keynes
>Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.
Thomas Sowell
>The first lesson of economics is scarcit
... keep reading on reddit ➡I would have a daughter
But Bill kept the Windows
True story; it even happened last night. My 5-year-old son walks up behind me and out of the blue says, "hey."
I turn to him and say, "yeah, kiddo? What's up?"
He responds, "it's dead grass."
I'm really confused and trying to figure out what's wrong and what he wants from me. "What? There's dead grass? What's wrong with that?"
.
.
.
He says, totally straight-faced, "hay is dead grass," and runs off.
And then you will all be sorry.
Now it’s syncing.
He replied, "Well, stop going to those places then!"
I will find you. You have my Word.
She said how do you know he was headed to work?
“thank you for your cervix.”
Made me smile
Mods said I'm a cereal reposter...
But now I stand corrected.
Wait. Sorry, wrong sub.
Theoretical Fizz-ics
Because you can’t ‘C’ in the dark
I said, “That makes two of us.”
so I had to ground him.
He's doing better currently.
And conducting himself properly.
Me: Can we change the subject?
My wife: Okay. More chores around the house need to be done by you.
Who buys gummy worms hoping they’d taste as close to real worms as possible?
Seems like a hard topic to learn about since there is so much disagreement about how economics should work. I was excited to try "The Worldly Philosophers" by Robert L. Heilbroner, until I saw that it was written in the 1950s, I would imagine that the topic has been updated in the last 70 years. The book appealed to me because it tried to cover the idea of a few different people, instead of just trying to give a summary of still very young and contested science. Any recommendations?
The funeral director was asking us what we think Mum should wear in her casket.
Mum always loved to wear sarongs (fabric wraps that go around the torso and drape downward a bit like a long skirt would), so my uncle suggested that she wear a sarong in there.
The funeral director looked a bit confused, as did some of our family members, to which my uncle added:
"What's sarong with that?"
I started laughing like an idiot. He was proud of it too. The funeral director was rather shocked. We assured her, and our more proper relatives, that Mum would've absolutely loved the joke (which is very true).
His delivery was perfect. I'll never forget the risk he took. We sometimes recall the moment as a way help cushion the blows of the grieving process.
--Edit-- I appreciate the condolences. I'm doing well and the worst is behind me and my family. But thanks :)
--Edit-- Massive thanks for all the awards and kind words. And the puns! Love 'em.
