Posts in Economics
Words Worth Noting - May 17, 2023

“We have been driven into a widespread system of arbitrary and tyrannical control over our economic life not because ‘economic laws are not working the way they used to,’ not because the classical medicine cannot, if properly applied, halt inflation, but because the public at large has been led to expect standards of performance that as economists we do not know how to achieve.”

Milton Friedman’s 1971 address to American Economic Association quoted in Leonard Silk The Economists

Words Worth Noting - May 10, 2023

“The same age which tends to economic slavery tends to social anarchy; and especially to sexual anarchy. So long as men can be driven in droves like sheep, they can be as promiscuous as sheep.”

G.K. Chesterton in G.K.’s Weekly March 9, 1929, quoted in Gilbert The Magazine of the Society of G.K. Chesterton Vol. 26 #1 (Sept.-Oct. 2022)