Bill Whittle and the Austrians

For those of you who do not recognize it by hearing, Bill Whittle in this clip gives as his “practical argument” against elitism, the argument first articulated by the economist of the Austrian school, Ludwig von Mises, that a central controlling panel, no matter how smart or well informed, can know the minutia of economic interactions in an economy.

I cannot hide that I am delighted that this bit of economic wisdom is slowly making its way into the popular consciousness.

Read more