"For my part, I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable."
- John Maynard Keynes, 1926
"[Keynes was] a man with a great many ideas who knew very little economics." - Friedrich Hayek, 1978
Tuesday, November 23, 2010
More equal...
I read "Animal Farm" a few months ago. I read this headline a few minutes ago, and was immediately reminded of how some are more equal than others.
I’m a 30-something businessman in Chicago with a background covering engineering, logistics, technology, and finance. A blue-eyed, corn-fed Midwesterner who eagerly served as an Army officer after college and discovered economics in graduated school. A principles of economics course opened my eyes to how the world actually works, and a political economics elective class as an exchange student at a Swiss university introduced me to John Stuart Mill, Frédéric Bastiat, and Friedrich Hayek and turned my politics on its head.
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