“Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.”
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“I always cheer up immensely if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single political argument left.”
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“If you just set out to be liked, you will be prepared to compromise on anything at anytime, and would achieve nothing. ”
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“If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.”
― The Black Swan: The Impact of the Highly Improbable
― The Black Swan: The Impact of the Highly Improbable
Joseph’s 2025 Year in Books
Take a look at Joseph’s Year in Books, including some fun facts about their reading.
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