“The proposal is frequently made that the government ought to assume the risks that are “too great for private industry.” This means that bureaucrats should be permitted to take risks with the tax payer’s money that no one is willing to take with his own.”
― Economics in one lesson: By Henry hazlitt
― Economics in one lesson: By Henry hazlitt
“To an economist, no action is really a mistake, it's just an optimal answer to a different question.”
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“omne verum, a quocumque dicatur, a spiritu sancto est”
― Summa Theologica
― Summa Theologica
“Who can have compassion on the ignorant, and on them that are out of the way; for that he himself also is compassed with infirmity.”
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“for it is the mark of an educated man to look for precision in each class of things just so far as the nature of the subject admits”
― The Nicomachean Ethics
― The Nicomachean Ethics
Michael’s 2025 Year in Books
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