It is no crime to be ignorant of economics, which is after all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. —Murray Rothbard [1]
Economic ignorance comes in different forms, and some types of economic ignorance are less excusable than others. But the most important implication of Rothbard’s point is that the worst sort of economic ignorance is ignorance about your economic ignorance.—Steven Horwitz. Read more at FEE.org/Horwitz [2]
Aphorisms:
Education has moved from three R’s to six: remedial reading, remedial ‘riting, and remedial ‘rithmetic.
The only thing more expensive than education is ignorance.
It is hard to teach an old dog new tricks and easy to teach a new dog old tricks.
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