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From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time

-- F.A. Hayak

Saturday, November 1, 2008

Education is not all that bad...

...provided the knowledge gained is contingent to truth as this timeline depicts. We have reaped the whirlwind of recession because we substituted the emotion of compassion for the wisdom of experience. Read this article, How Mortgage Crisis Happened: Good Intentions Paved Dire Path.

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