Jan 16, 2021

Tom Woods on the beauty of economics

[Economics] really is something beautiful.  It reveals to you an order that can be hidden or obscured by your own eyes.  I think Mises or Rothbard put it this way in theory and history...  If you were just to look at Grand Central Terminal in New York and not think it through, all you would see is just a bunch of people running hither and yon, and that would be the end of it.  But when you think through what's actually going on, you realize that each one of those people has a goal and is pursuing that goal, and that that's not chaos, but it's actually order that you're observing.  Well likewise for the entire economy, to a Marxist it looks like "There's duplication of production," "It's not the way I would run it if I had a bullhorn."  But the more you understand it, the more you perceive the hidden order beneath it all.  And once you perceive that, you do want other people to understand it.  In my case not just because they'll derive intellectual pleasure from understanding it, but because they'll stop wrecking it 24 hours a day!

~ Tom Woods, "Ep. 1806 From Left to Libertarian: How He Did It," The Tom Woods Show, January 5, 2021



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