The Concorde. It’s a beauty; it’s just about the most beautiful man-made thing in the world. What a shame that it guzzled gas, made so much noise, and was eventually put out of service. Still, its elegant silhouette, as well as the fact that it can travel at twice the speed of sound, inspires me to no end. I remember from a documentary that New Yorkers who were protesting on the noise of the plane stopped in hushed awe when the Concorde was wheeled in. It was just that stunning.
On the Opinion Entitlement Fallacy
The process of argumentation has, for me, always been a journey towards the discovery of truth. However, seldom does this process go well. People usually end up with more questions than answers and the matter is almost never resolved. One of the reasons is because of certain fallacies that just won’t die.
On the Power of Prices
: Informative, Summative, and Coordinating
It is only through the voluntary coordination of the efforts of various economic agents that we can make the products we use today.
On Quotes from F.A. Hayek
“The curious task of economics is to demonstrate to men how little they know about what they can imagine they can design.”