I find it to be intensely maddening that so many intellectuals are so confident in their views about economic reality that they feel justified in recommending government interventions based upon the assumption that these views are accurate, but simultaneously refuse to risk their own time and money in seeking . . . the ready profits [which they imply] are there for the taking by private parties who have the information that these intellectuals insist that they have.
And you, Professor?
There are many beliefs that I have about reality – beliefs about which I merely write and pontificate and never, ever actually back with my own money, time, and sweat. But . . . I never use my beliefs as a justification for the state to restrict other people’s freedoms or to take other people’s property.