Beware the people who moralize about great issues; moralizing is easier
than facing hard facts. -- John Corry
Saturday, July 31, 2021
Friday, July 30, 2021
Fortune Quote #3291
In the flaring parks, in the taverns, in the hushed academies, your murmur
will applaud the wisdom of a thousand quacks. For theirs is the
kingdom. -- Kenneth Fearing
will applaud the wisdom of a thousand quacks. For theirs is the
kingdom. -- Kenneth Fearing
Thursday, July 29, 2021
Fortune Quote #3290
At most only a tiny set of policies have been studied with even moderate
care. -- George J. Stigler, Nobel Laureate in Economics
care. -- George J. Stigler, Nobel Laureate in Economics
Wednesday, July 28, 2021
Fortune Quote #3289
They went to work with unsurpassable efficiency. Full employment, a
maximum of resulting output, and general well-being ought to have been the
consequence. It is true that instead we find misery, shame and, at the end
of it all, a stream of blood. But that was a chance coincidence.
-- Joseph A. Schumpeter, Review of Keynes's General Theory
maximum of resulting output, and general well-being ought to have been the
consequence. It is true that instead we find misery, shame and, at the end
of it all, a stream of blood. But that was a chance coincidence.
-- Joseph A. Schumpeter, Review of Keynes's General Theory
Tuesday, July 27, 2021
Fortune Quote #3288
Facts are stubborn things; and whatever may be our wishes, our
inclinations, or the dictates of our passions, they cannot alter the state
of facts and evidence. -- John Adams
inclinations, or the dictates of our passions, they cannot alter the state
of facts and evidence. -- John Adams
Monday, July 26, 2021
Fortune Quote #3287
Every man, wherever he goes, is encompassed by a cloud of comforting
convictions, which move with him like flies on a summer day. --
Bertrand Russell
convictions, which move with him like flies on a summer day. --
Bertrand Russell
Sunday, July 25, 2021
Fortune Quote #3286
From Thomas Sowell's principles for seeing through rhetoric: 12. Many of
the "abuses" of today were the "reforms" of yesterday.
the "abuses" of today were the "reforms" of yesterday.
Saturday, July 24, 2021
Fortune Quote #3285
From Thomas Sowell's principles for seeing through rhetoric: 11. You can
always create a fraction by putting one variable upstairs and another
variable downstairs, but that does not establish any causal
relationship between them, nor does the resulting quotient have any
necessary relationship to anything in the real world.
always create a fraction by putting one variable upstairs and another
variable downstairs, but that does not establish any causal
relationship between them, nor does the resulting quotient have any
necessary relationship to anything in the real world.
Friday, July 23, 2021
Fortune Quote #3284
From Thomas Sowell's principles for seeing through rhetoric: 10.
Improbable events are commonplace in a country with more than a quarter
of a billion people.
Improbable events are commonplace in a country with more than a quarter
of a billion people.
Thursday, July 22, 2021
Fortune Quote #3283
From Thomas Sowell's principles for seeing through rhetoric: 9. The same
set of statistics can produce opposite conclusions at different levels
of aggregation.
set of statistics can produce opposite conclusions at different levels
of aggregation.
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