Tuesday, February 14, 2012

Cafe Hayek — where orders emerge

Cafe Hayek — where orders emerge: "The great economist Frank Knight’s lament on this matter remains as true and germane today as it was when he first issued it in 1928: “The man from Mars reading the typical pronouncements of our best financial writers or statesmen could hardly avoid the conclusion that a nation’s prosperity depends upon getting rid of the greatest possible amount of goods and avoiding the receipt of anything tangible in payment for them.”*"

'via Blog this'

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