Posts in Life
Words Worth Noting - October 28, 2021

“The lack of the fabulous may make my work dull. But I shall be satisfied if it be thought useful by those who wish to know the exact character of events now past, which, human nature being what it is, will recur in similar or analogous form.”

Thucydides, The Peloponnesian Wars, cited by Robert L. Formaini in Foreword to Garet Garrett and Murray N. Rothbard, The Great Depression and New Deal Monetary Policy

Words Worth Noting - October 27, 2021

“A key tenet of standard economics is that making people happy is a simple matter of giving them more of what they like. But neuroscience shows that’s not true. The brain’s striatum quickly gets used to new stimuli and expects them to continue. People are on a treadmill in which only unexpected pleasures can make them happier. That explains why happiness of people in rich countries hasn’t increased despite higher living standards.”

Peter Coy in BusinessWeek, quoted in “Social Studies” in Globe & Mail April 4, 2005