Thomas Sowell makes a very good point about the ostensibly brilliant advisers working for President Obama. If these smart people think that a high IQ somehow entitles them to “plan” the economy, then history shows the results will not be pretty. This is the difference between intellect and wisdom. Unfortunately, Obama’s people have very little [...]
Archive for the ‘Fatal conceit’ Category
Brains and Common Sense Are Not the Same Thing
Posted in Central planning, Fatal conceit, Hayek, Obama, tagged Central planning, Fatal conceit, Hayek, Obama on October 6, 2009 | 3 Comments »
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