The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Truly, truly a great man. I think my favourite anecdote concerning him was the obviously uninitiated third grade academic from a British university who wrote a review of one of his books (this is relatively recently) and concluded that 'this is all easy for a rich white man to say.'
He has also spoken of his Marxist youth and was asked by Peter Robinson on a podcast what changed his mind. Quick as a flash (at the age of 87 or something) he said 'facts.'
Have to add his classic:
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Nice!
Truly, truly a great man. I think my favourite anecdote concerning him was the obviously uninitiated third grade academic from a British university who wrote a review of one of his books (this is relatively recently) and concluded that 'this is all easy for a rich white man to say.'
He has also spoken of his Marxist youth and was asked by Peter Robinson on a podcast what changed his mind. Quick as a flash (at the age of 87 or something) he said 'facts.'
"This is all easy for a rich white man to say." Brilliant! 😂
#4. My biggest frustration with current "feminists".