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Lawrence W. Reed

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Egonomics.jpg

Egonomics in One Lesson →

April 16, 2019

After Adam Smith and the Enlightenment, the pseudo-science of Egonomics gave way to the genuine science of Economics. To apply Hayek again, this time with a little license, the curious task of Egonomics was to fool men into believing far more than they know about what they dreamed they could plan, whereas “it’s the curious task of Economics to demonstrate to men how little they really know about what they imagine they could design.”

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Recent “Best of Web”

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Rob from the Rich 100% and You Still Won’t be Able to Pay the Bills
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Sell the yachts. Sell the stocks. Sell the businesses. Empty the bank accounts.

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Schools Abandoned Teaching Perseverance and Personal Responsibility
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U.S. intelligence officials had previously been unable to assess with any level of certainty whether Khamenei was still alive, despite his prolonged absence from public view. Those uncertainties quickly faded after analysts discovered that he had registered as a Democrat in Los Angeles, Alameda, and Santa Clara counties.

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Recent Quotes

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Reed on Socialist Thinking
September 2, 2026
Reed on Socialist Thinking
September 2, 2026

Socialists think there’s no such thing as a bad poor person or a good rich person. Among socialists, it seems there’s no such thing as a thinking person — Lawrence W. Reed.

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September 2, 2026
Murphy on America
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Murphy on America
February 11, 2025

“The true meaning of America, you ask? It’s in a Texas rodeo, in a policeman’s badge, in the sound of laughing children, in a political rally, in a newspaper. ... In all these things, and many more, you’ll find America. In all these things, you’ll find freedom. And freedom is what America means to the world. And to me” — Actor, poet, and the most decorated American of World War II, Audie Murphy.

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February 11, 2025
Mill on Freedom
February 1, 2025
Mill on Freedom
February 1, 2025

“The only freedom which deserves the name is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental and spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves than by compelling each to live as seems good to the rest.”

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Recent Blogs

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Britain Should Spurn the Reparations Panhandlers
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I doubt there’s a soul on the planet who never had an ancestor who was victimized by somebody, but that’s no reason to find the victim’s innocent living descendants and make them pay for it.

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Poisoned History
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A country that uses its tax dollars to distort and vilify its own history is likely to embrace stupid ideas and elect a lot of bad people. The Smithsonian, unfortunately, is just the tip of the iceberg.

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