This days trio of quotes is provided in full. As ever, they speak - TopicsExpress



          

This days trio of quotes is provided in full. As ever, they speak to the issues of the day. The third, from Thomas Jefferson, is the pithy quote, but the prior two are needed to put it into perspective. (I am gaining a better understanding of the man via a Pulitzer Prize winning book on him by John Meacham. Its a good read!) With that as preface, here you go. I think a major reason why intellectuals tend to move towards collectivism is that the collectivist answer is a simple one. If there’s something wrong, pass a law and do something about it. -- Milton Friedman (1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, ultimate guru of the free-market system Source: From “An Interview With Milton Friedman,” December 1974, conducted by Tibor Machan, Joe Cobb, and Ralph Raico reason/archives/2007/01/24/quotations-from-chairman-milto quotes.liberty-tree.ca/quote_blog/Milton.Friedman.Quote.9244 Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism. One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social and economic decisions. In contrast, a system based on individualism takes advantage of the aggregate, or collective, information of the whole society; through his actions each participant contributes his own particular, if incomplete, knowledge—information that could never be tapped by the individual at the head of a collectivist state. -- Sheldon Richman Editor of The Freeman, author, journalist quotes.liberty-tree.ca/quote_blog/Sheldon.Richman.Quote.97F8 The majority, oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundations of society. -- Thomas Jefferson (1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President Source: Thomas Jefferson to Pierre Samuel Dupont de Nemours, 1816 quotes.liberty-tree.ca/quote_blog/Thomas.Jefferson.Quote.5309
Posted on: Thu, 31 Oct 2013 06:49:10 +0000

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