random quip

It’s is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. -Murray N. Rothbard-

random quip

More “deep thoughts” from a politically homeless economist: I have slowly come to conclude that [today’s right wing] “phenomenon” is what happens when voters are angry at government but fail to understand economics, while [today’s left wing] “movement” is what happens when voters are angry at the economy but fail to understand government. Both positions are more likely than not to produce reactionary and misguided policies. -Tom Lehman-