Study Finds That Having Power Can Make You Stupid

http://www.forbes.com/sites/frederickallen/2012/03/06/study-finds-that-having-power-can-make-you-stupid/


Quote

“…economics is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. With them he is always the mischief-maker, and the more they are inwardly convinced that his objections are well founded, the more they hate him.” – Mise


Frank Knight on Benevolent Planners

“…the probability of the people in power being individuals who would dislike the possession and exercise of power is on level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation.” – Frank Knight


Lord Acton was, and is, correct

http://mungowitzend.blogspot.com/2010/01/lord-acton-was-and-is-correct.html


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