Wednesday, December 31, 2014

Us pesky humans...............................

Free economies teach us that predictions are confounded by human ingenuity.  Go to the stacks of a library and read the articles from forty or fifty years ago in Colliers or Popular Mechanics predicting what the United States would be like in the year 2000.  All they could imagine was extensions of the existing technology.  Nobody could imagine the microprocessor.  Go back and read the learned economists from the 1960s and 1970s who argued that IBM had to be broken up because of its monopolistic power over the computer market.  There was no place in their world view for a couple of kids who would get together in a garage and revolutionize the industry.  Freedom regularly makes ridiculous anyone who thinks he has figured out the limits of what is possible.
-Charles Murray,  What It Means To Be A Libertarian:  A Personal Interpretation

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