Why People Have to Make Their Own Mistakes

Found in an Economist article on how a central bank can (or cannot) stop a bank run:

“the ultimate result of shielding man from the effects of folly is to people the world with fools.”

– Herbert Spencer, State Tampering with Money and Banks

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  1. boozie on October 12, 2007 at 4:51 PM

    This makes more sense today as I am not hopped up on Tylenol PM. I am not reading any further because there’s nothing about me in your blog and I only like to read stories about myself.

    Or Britney Spears.

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