Thursday, July 23, 2009

"Technology does not implement itself. Technical knowledge needs people to implement it - people who have the right incentives to solve all of the glitches and unexpected
problems that happen when you apply a new technology, people who make sure that all the right inputs get to the right places at the right time, and local people who are motivated to use the new technology. The field that addresses all these incentives is called economics."
-William Easterly

Sunday, July 05, 2009

"Pragmatism is perhaps America's most distinctive contribution to philosophy. [Pragmatism] rejects all forms of absolutism and insists that all principles be regarded as working hypotheses that must bear fruit in lived experience."
-John McDermott

Friday, July 03, 2009

"One of the methods used by statists to destroy capitalism consists of establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary."
-Ayn Rand