"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Material Necessity of Anarchism
Submitted by Westernerd on Thu, 2015-03-05 04:00
Each time we try to understand some individual market exchange, what we are viewing reveals only traces or hints of the individual acts of valuation engaged in by the actors, and even less so about such acts when we attempt to forensically examine any group of market exchanges. But this is more or less exactly what most economists do. It is why, in fact, economists are so blazingly wrong most of the time.
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