The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek
Posted in Paternalism, Socialism, Taxation on Jul 1st, 2008
From a conversation between Warren Buffett and Bill Gates, Buffett remarks:
what if you had three percent or something like that of the corporate income tax totally devoted to a fund that would be administered by some representatives of corporate America to be used in intelligent ways for the long-term benefit of society, This group-who think […]
Posted in Economic Illiteracy on May 23rd, 2008
yet once again, Milton Friedman has been vindicated.
The heirs of John D. Rockefeller’s Standard Oil empire made a media splash recently when they demanded that the oil giant diversify out of oil, of all things. When Exxon holds its annual shareholder meeting next week, the Rockefeller clan will push proxy resolutions requiring the company to […]
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