Archive for May 8th, 2010

When a Congressman Says X, He Is Thinking Y »

X : I will serve the people of this district to the best of my ability. Y: I intend to look out for my own interest every step of the way, so unless you’re the highest bidder for my services, you’d better start saying your prayers now.  * * * X: The people have...
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The Most Important Paper You’ve Ever (Never?) Read... »

...is either Hayek’s “The Use of Knowledge in Society” or Mises’s “Economic Calculation in the Socialist Commonwealth.” Here’s a link to Hayek’s paper, in honor of his birthday (HT: Steve Horwitz).