Top Tweets for #FatalConceit
Traditional discretionary management relies on the #FatalConceit that a centralized committee can outguess the market. This structural arrogance leads to systemic fragility. The problem is the inherent limitation of human cognitive processing in the face of dispersed market signals. #CentralPlanning
@RobJetten @PieterOmtzigt De roverheid heeft het onderwijs kapot gemaakt door haar arrogante topdown regie. #fatalconceit
@jpaternotte Leuk he. Na jaren lang te zijn gehandled denkt Wilders dat zijn tot PM gepromoveerde handler nu zijn schoothondje is geworden.
#FatalConceit
3.0 version
(and hopefully the last one):
😀
One of my favorite insights from #Hayek
Our relationships among friends & family DO NOT scale to large groups of strangers.
So this socialist is in the wrong direction from the get go.
#ReadMises and #ReadHayek
#FatalConceit
Jack’s a carpenter. His neighbour Jean’s a baker. Jean has some doors with loose hinges. Jack says he’ll fix them. Jean says she’ll give him some cakes as a thank you. Scale up a willingness to help others, where all will receive what they need, and you have a socialist society.
@eshow1969 @gbponz Never fear! #Habeck & Worsula Fonda-Lyin' will keep "essential" industries running - even if they have not the faintest conception of which they are or what "essentials" they themselves require to do so.
#FatalConceit
@PerBylund Yes, when governments intercede in trade it is known as Mercantilism, which in and of itself is a form of Statism. The Road to Serfdom is often paved in Mercantilism. #FatalConceit
A Wonderful re-published summary here by Rothbard.
https://t.co/VaDMMujTnG
@PerBylund And the blunt instrument of choice in regulated markets is Cronyism. Its enemy is Innovation and Free Markets. The Road To Serfdom is Paved with Cronyism. #FatalConceit
Take a Listen:
https://t.co/hwVB6d9aGX
@PeterBoettke @DrPatrickNewman
MEPs may be about to outlaw the internal combustion engine for cars. Instead of trusting innovation, they think they are able to predict what the dominant future technology will be. #fatalconceit #europeanparliament
Ein faktisches Verbot des Verbrennungsmotors als Technik wäre ein Schaden für Europa und ein Gewinn für China. Jede Innovation etwa im Bereich E-Fuels wird dann nicht mehr in der EU entwickelt. #EPlenary https://t.co/TCQ15z0T2B
@elonmusk @truth_tesla @MadeInTheUSANJ Cronyism is always about political power and never about liberty. Once you accept its largess you become a tool of the state and its attempt to deny individuals the freedom of voluntary exchange. Free markets are its enemy. #FatalConceit
@jeffdeist @mises @JeffBooth
#JeNeSuisPasMacron (?)
OMG!
To kill embryos, babies?
#Fraternité?
#Solidarité?
#Liberté!!!!?
Non
Why after #Merkel leaves?
Stop #Rasputin over Kiev!
Do not stop pregnancy....*
Do not decide pregnancy instead of couples!!
#FatalConceit
*Very few situations, maybe.
Life!
YHWH
Pfizer #FatalConceit
@Roger_Koppl @PlayTheManPod @olilangarica @L1821Liberty @AaronSepulvedaC #Hayek's The #FatalConceit
pg 75
"The process of selection that shaped customs&morality could take account more factual circumstances than individuals could perceive,&in consequence tradition is in some respects superior or `wiser' than human reason
This decisive insight...
1/
Following #Hayek in
"The #FatalConceit"
The modern world-wide division of labor among billions of strangers forces us to constantly adjust our lives, our thoughts & our emotions, in order to live simultaneously within 2kinds of social orders, that must have different rules.
1+
#fatalConceit
This guy is a professor. Thinks he can understand all the variables in massively huge set of variables.
20 or 30 sub-tweets later, he goes on to say that he's gonna be double-masking. #sCiEnCe
Today, a smorgasbord of some of the most confusing issues: Delta, masking, vaccine efficacy, vax mandates, boosters.
Bottom line is that my thinking has changed. Six months ago, I felt like I understood all of the key variables when it came to the virus & vaccines. And… (2/25)
But politicians ALWAYS promise the subsidies will deliver value for money. Groundnut scheme, Meriden motorcycles, DeLorean, Pergau Dam. Tony Benn in the 1970s. George Brown in the 1960s. Nottingham Council's Robin Hood Energy. Croydon Council's Brick by Brick. #fatalconceit
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