"The forces of the market are just that: They are forces; they are like the wind and the tides; they are things that if you want to try to ignore them, you ignore them at your peril, and ... if you find a way of ordering your life that is compatible with these forces, indeed which harnesses these forces to the benefit of your society, that's the way to go." -- Arnold Harberger, University of Chicago Economist
Monday, November 1, 2010
60 Minutes: "Fallen Flat" Recovery Has Brought "Anger In The Land"
Lots of interesting interesting examples which demonstrate that in a dynamic, ever-changing economy, businesses and workers often have to make big adjustments, and those adjustments are sometimes very painful for the people involved.