Life without international trade: using local labor and materials only, a suit takes 500 man-hours to produce.
Living near the home of a major state university, national collegiate rankings are a real source of pride.
Delivered to the Forestry Leadership Program at Auburn University; Auburn, Alabama, on 17 January 2007.
Since economics and college athletics go together these days like post-dated stock options and 3-6 months in a minimum security prison, you ought t
Hayek argues that exceptionally intelligent people who favor the market tend to find opportunities for professional and financial success outside the Academy (i.e., in the business or professional world). Those who are highly intelligent but ill-disposed toward the market are more likely to choose an academic career. For this reason, the universities come to be filled with those intellectuals who were favorably disposed toward socialism from the beginning.
Ask yourself if the following paragraph would seem believable to you if you were to read it a in a newspaper:
I wondered what was up when the neighbor kids came by doing a government school fund raiser but couldn’t explain what the money was for.
Let's settle the scores; the politicians and bureaucrats win since they claim success based on programs implemented, the children lose due to additional years in state institutions, the teachers and their unions win as more money is pumped into the sinking barge, and the taxpayer — William Graham Sumner's forgotten man — continues to pay the bill year after year.
