Wednesday, October 14, 2009

The importance of cost and tradeoffs

From an article about an old speech given by Robert Reich:
The student audience, which at first clapped enthusiastically as Reich started to tell his unspeakable “truths” stopped clapping by the end. Reich had uttered the fundamental heresy. You really can’t have something for nothing. Pulling in one direction meant giving way in another. He went on to say that America was hopelessly addicted to fantasy; that anyone who got up on stage and reeled off the points he had made was politically dead.
Read the whole thing.

No comments: