". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Saturday, October 15, 2005
Nothing Short of Idiocy
We may admit that the director or the board of directors are people with superior ability, wise, and full of good intentions. But it would be nothing short of idiocy to assume that they are omniscient and infallible.