Snippets

• The Mises Institute are selling an audiobook of Hazlitt's classic introductory economics text, "Economics in One Lesson". It's well worth disseminating.
• Joe Stiglitz says "Fewer than 25,000 American farmers could jeopardise the whole global trading system... When you think about it, you realise something's wrong in the global democracy…" - no shit! He is still "halfway there" (via Pienso - cheers Jim)
• Pete Lesson and Russ Sobel ask whether capitalism's contagious
• Don Boudreaux asks: "would you prefer to live in 1967 with today’s real median household income ($46,326) or live today with 1967’s real median household income ($35,379)?"

Comments

[blunderer]

Would you rather be 21 or 60? What a rum question. What's money got to do with it?

[dearieme]

Here's the analogy in full:-
"would you prefer to be 21 with today’s knowledge and wisdom or be 60 with the knowledge and wisdom you had at 21?"