

“To people who conceive of consequential knowledge as concentrated in a highly educated few with high IQs, specifying particular outcome goals for a whole society may seem far more doable than to people who see vast amounts of consequential knowledge as highly diffused among the people at large, in individually unimpressive fragments. It may be virtually impossible for any given individual, or any manageable number of surrogate decision-makers collectively, to take all the factors into account. But where decisions are made by vast numbers of individuals transacting in a marketplace, each with their own fragment of the necessary knowledge of factors to be considered, and all are forced to reach mutually compatible terms, that is when all the knowledge available to all those concerned affects the economic outcome.”
― Discrimination and Disparities
― Discrimination and Disparities

“Today is Yesterday's Pupil.”
― Poor Richard's Almanack
― Poor Richard's Almanack

“Wise Men learn by other's harms; Fools by their own.”
― Poor Richard's Almanack
― Poor Richard's Almanack

“Praise to the undeserving is severe satire.”
― Poor Richard's Almanack
― Poor Richard's Almanack
Enid’s 2024 Year in Books
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