Sublime

It would be far better, if that were the choice—which it isn’t—to have maximum production with part of the population supported in idleness by undisguised relief than to provide “full employment”

Some of Locke’s opinions are so odd that I cannot see how to make them sound sensible. He says that a man must not have so many plums that they are bound to go bad before he and his family can eat them; but he may have as much gold and as many diamonds as he can lawfully get, because gold and diamonds do not go bad. It does not occur to him that th

Everything we get, outside of the free gifts of nature, must in some way be paid for.

Hayek’s argument was predicated upon the premise that knowledge is always ‘local’ and all attempts to aggregate it are bound to fail. The world, in his eyes, is too complex for its essence to be distilled in some central node; e.g. the state. If we hardly understand our own preferences and capabilities, how on earth can we hope to aggregate the kn