Tweet [1]
Arnold Kling is a Hayekian [2]. A slice:
At large scale, the coordination problem becomes much more complex. Economists pay attention to this, and that makes them wiser than non-economists who do not.
But many economists are far too oriented toward the possibilities of centralized command (government regulation) as a coordinating mechanism. And they are too smug about what they can accomplish using math and statistics.
Mike Munger explains that in Canada it’s impolite to stair [3].
Elaine Schwartz celebrates workers whose labors are invisible to us [4]. (I add only that each of us never sees – and, much less, gets to know – 99.9 percent of the workers [5] whose knowledge, information, and daily efforts make possible not only our high standard of living but, in today’s world, our very lives.)
Tom Mullen offers his explanation of how so-called “price gougers” help to reduce scarcity [6].
Mark Perry shares some videos of Milton Friedman busting myths about labor unions [7].
Jeff Jacoby writes with compassion, historical understanding, and sound reasoning about today’s Muslim immigrants to America [9]. Here’s his conclusion:
During the debate on independence in 1776, Richard Henry Lee of Virginia declared that liberty in America [10] must be universal, embracing “the Mahomitan [Muslim] and the Gentoo [Hindu] as well as the Christian religion.” The potency of that embrace [11] has not diminished. Immigrants of every faith still come to America, and become Americans.