Friday 11/17/17

E2 INDIVIDUALS AND BUSINESSES IN FREE MARKETS: Free enterprise is a pillar of the United States economy and is based on the principle that individuals and businesses are free to make their own economic choices as they participate
in these markets. Individuals buy the goods and services that they desire from businesses in the product markets, and they contribute to producing these goods and services by supplying the resources that they own to businesses in the markets. This activity is the basis of our private economy, and our governmental spending programs.


Consider:

The fundamental attitude of true individualism is one of humility toward the processes by which mankind has achieved things which have not been designed or understood by any individual and are indeed greater than individual minds. The great question at this moment is whether man’s mind will be allowed to continue to grow as part of this process or whether human reason is to place itself in chains of its own making. What individualism teaches us is that society is greater than the individual only in so far as it is free. In so far as it is controlled or directed, it is limited to the powers of the individual minds which control or direct it.  - F.A. Hayek

Hayek on the Folly of the Planners.


The Key to Success


Why Focus on "The Possible" Matters

ibid

ibid





WRITE: Free-Write until the bell, on the following hypothesis:

"How is Elon Musk a personification of Hayek's admonition to always reserve opportunity for 'the possible'?"