Posts in Economics
Words Worth Noting - March 23, 2022

“Of all political ideals, that of making people happy is perhaps the most dangerous one. It leads invariably to the attempt to impose our scale of ‘higher’ values upon others, in order to make them realize what seems to us of greatest importance for their happiness; in order, as it were, to save their souls.”

Karl Popper, The Open Society and Its Enemies, Vol. 2

Words Worth Noting - March 21, 2022

“Idleness… is the holiday of fools.”

From a fortune cookie I got c. 1993 - the Internet says it’s actually from Philip Dormer Shanhope, Lord Chesterfield (1694-1773). I originally had it without the elision but while that version circulates, I’m credibly informed that the proper full quotation is “Idleness is only the refuge of weak minds, and the holiday of fools.” (Source: https://www.goodreads.com/quotes/299455-idleness-is-only-the-refuge-of-weak-minds-and-the)

Words Worth Noting - March 9, 2022

“Time is money? Got it ‘A U.S. inventor has created an alarm clock that shreds your money if you fail to get up to turn it off,’ says Orange Co. U.K. ‘Rich Olson combined a Sparkfun Clockit and a USB paper shredder to create the bizarre machine. He programmed the device to tear up a $1 bill if the user doesn’t turn it off within a few seconds.’”

“Social Studies” in Globe & Mail June 19, 2013