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September 28, 2010

F. A. Hayek is strongly endorsed by . . . Slick Willie

Hayek, The Fatal Conceit: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."

Bill Clinton, 9/21: "Do you know how many political and economic decisions are made in this world by people who don't know what in the living daylights they are talking about?"

Idea, quotes, and link provided courtesy of The Amateur Economist.

Comments

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Speedmaster

Thank you, sir! ;-)

jorgxmckie

Wouldn't Clinton be a pretty good example of what he is talking about?

Speedmaster

>> "Wouldn't Clinton be a pretty good example of what he is talking about?"

Oh indeed he would! ;-)

Stephen  McErleane

I don't think those quotes are related at all. Hayek's point was that no one has the knowledge. Clinton's point was that are people that have it, we just need to put them in power. In other words, Clinton says we have to find the right people. Hayek says that these people don't exist, and never will.

Stephen  McErleane

I left out "there"

Forrest Drake

Agree with Stephen, Clinton is far from Hayek (anyway, ANY politician is far from Hayek's words by definition...)

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