In my latest Epoch Times column I write that China’s real environmental record shows how inefficient as well as dangerous dictatorships are. Far from being able to “turn on a dime” to green their economy or do any other praiseworthy thing, they suppress information, ignore costs, and lumber about doing wasteful harm.
“Common sense is the little man in the grey suit who never makes a mistake in addition. But it’s always someone else’s money he’s adding up.”
“Raymond Chandler (1888-1959), American novelist” quoted as “Thought du jour” in “Social Studies” in Globe & Mail Jan. 11, 2012
Lionel “Robbins defined economics as the science concerned with the implications of the insight that men are economizing individuals who seek to allocate given scarce resources among given competing ends.”
Israel M. Kirzner in Edwin G. Dolan, ed., The Foundations of Modern Austrian Economics
“as any engineer or architect will confirm, there is no such thing as a perfect design. Every solution represents an unhappy compromise among conflicting objectives.”
Michael Rothschild, Bionomics: The Inevitability of Capitalism
In my latest Loonie Politics column I urge Doug Ford to put aside populist bluster and take advice from the experts who’ve spoken at our Economic Education Association of Alberta conferences on fixing problems in government by relying on sound ideas.
Yes, my CFRA appearance has moved from Friday at 1:30 to Wednesday at 12:30 at least for now.
“that native industry and perseverance common to all men when they are protected by a government which demands but little for its protection, when they are permitted to enjoy a system of rational laws founded on perfect freedom.”
J. Hector St. John de Crevecoeur, Letters from an American Farmer