Mises Wire

Four-time summer fellow at the Mises Institute, Jakub Bozydar Wisniewski, emails: "Over the last two years I wrote over 600 liberty-themed aphorisms, which I have recently published as a book, entitled The Pith of Life: Aphorisms in Honor of Liberty."

In the volume you'll find wisdom such as:

A bad economist believes that pay can be legislated. A good economist believes that legislation can be paid for.

A bad economist believes that prices should be policed by the state. A good economist believes that police should be priced by the market.

A businessman calls himself boss, but his goal is to serve others. A politician calls himself servant, but his goal is to boss others.

A fool believes in designing markets. A person of reason believes in marketing designs.

A fool believes that the market makes profits corrupting. A person of reason knows that it makes corruption unprofitable.

A fool deplores the fact that automation destroys jobs. A person of reason delights in the fact that it makes jobs less automatic.

A good economist believes that his role is to improve the public’s understanding of the market. A bad economist believes that his role is to improve the market’s understanding of the public.

A good economist believes that the ones best suited to deal with the problem of scarcity are entrepreneurs. A bad economist believes that it’s the economists.

A “guaranteed profit” is something akin to a riskless danger.

Plus nearly 600 more.