The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient r...
I had a dream about you. You were a statistician, and you were tasked with eliminating unemployment. I thought only job creators—entrepreneurs—reduced unemployment, and you thought I was naïve because everybody believed jobs were created if the ...
The sanction of force stands behind the medley of personal orders and regulations of Martial Law. The sanction of the people's consent stands behind the hierarchy of laws. In one situation, the population is regimented into acquiescence. In the other...
For "as great a blessing as government is," the Rev. Peter Whitney explained, "like other blessings, it may become a scourge, a curse, and severe punishment to a people." What made it so, what turned power into a malignent force, was not its own natu...
By means of poetry all this suffering and effort could be transformed into dream; no matter how much of the ephemeral existed, poetry could immortalize it by turning it into song. Only two or three primitive passions had governed me until this time: ...
You must know nothing before you can learn something, and be empty before you can be filled. Is not the emptiness of the bowl what makes it useful? As for laws, a parrot can repeat them word for word. Their spirit is something else again. As for gove...
After he wrote The Paradox of Choice, Schwartz got fervent amens from European governments as well as individual readers for insisting that the management of your focus has become one of decision-laden modernity's major challenges. Many behavioral ec...
When it can be said by any country in the world, my poor are happy, neither ignorance nor distress is to be found among them, my jails are empty of prisoners, my streets of beggars, the aged are not in want, the taxes are not oppressive, the rational...
In the tired hand of a dying man, Theodore Senior had written: "The 'Machine politicians' have shown their colors... I feel sorry for the country however as it shows the power of partisan politicians who think of nothing higher than their own interes...
Perhaps we all lose our sense of reality to the precise degree to which we are engrossed in our own work, and perhaps that is why we see in the increasing complexity of our mental constructs a means for greater understanding, even while intuitively w...
There is something deeply hypocritical in a society that holds an inner-city child only eight years old "accountable" for her performance on a high-stakes standardized exam but does not hold the high officials of our government accountable for robbin...
As long as a population can be induced to believe in a supernatural hereafter, it can be oppressed and controlled. People will put up with all sorts of tyranny, poverty, and painful treatment if they're convinced that they'll eventually escape to som...
Well, then he would be at war with the government, and death was an unfortunate side effect of any revolution. Change always had a price tag. But once he took over, the people would realize he was a better ruler than the disorganized, self-interested...
If the Bahreini royal family can have an embassy, a state, and a seat at the UN, why should the twenty-five million Kurds not have a claim to autonomy? The alleviation of their suffering and the assertion of their self-government is one of the few un...
Modern man has a need for simplification that tends to find its expression one way or another. And this artificial monotony which he takes pains to create, this monotony which is slowly taking over the world, this monotony is the sign of our greatnes...
Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and finan...
A coal miner from Chongjin whom I met in 2004 in China told me, "People are not stupid. Everybody thinks our own government is to blame for our terrible situation. We all know we think that and we all know that everybody else thinks that. We don't ne...
When we talk today about receptiveness to stories, we tend to contrast that attitude to one governed by reason - we talk about freeing ourselves from the shackles of the rational mind and that sort of thing - but no belief was more central to Lewis's...
Jesus from the moment he first appears in Galilee is a sign of contradiction, fomenting revolution through telling the truth about the state of the world, the reality of evil, and the eye of God, who judges in a different vein altogether than courts ...
The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions-all attempting to quell human diversity ...
For too many generations of the common people of Rome were allowed no hand in governing, and their state religion had long since mummified into dry rituals that never touched ordinary passions. It was inevitable, proclaimed the dour scholars of the p...
