July 11, 2009
"The man of system, on the contrary, is apt to be very wise in his own conceit ..."
From The Economist:
[Energy Secretary Steven] Chu’s job is harder: he is charged with spotting, nurturing and promoting promising energy technologies, thereby helping America to create the tools that the world needs to wean itself off fossil fuels.
He certainly has the qualifications to do so.
Nope, no person--not even one as smart as Mr. Chu--has the necessary knowledge to accomplish such a task. Methinks Mr. Chu needs to cozy up to some Hayek and a bit of humility.
Posted by E. Frank Stephenson at 11:35 PM in
Economics
