Source: Ludwig von Mises Institute
by George Ford Smith
“What was true for corporate programmers fifty-five years ago is still true today for anyone seeking recognition in their field. With few exceptions, a fundamental requirement is an advanced degree, and colleges are allegiant to their paymasters, the interventionist government. Ray Kurzweil reached the top with only a BS from MIT. But not everyone is a Ray Kurzweil. Economics is ruled by pretenders to knowledge, armed with intimidating equations and pseudo-scientific jargon. They are united in their rejection of free markets and sound money. Yet, as Mises has written: ‘The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren’s epitaph in St. Paul’s: Si monumentum requiris, circumspice. [If you seek his monument, look around.]” (06/16/25)