"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Competition And The Limits Of Sports Analogies
Submitted by Robert Fredericks on Sun, 2010-06-06 03:00
"When I teach about economic competition, I often use sports analogies, but this is where those analogies break down. In sports there is a winner and a loser (excepting the rare NFL and soccer tie, of course), but this is not quite the case in market competition. That kind of competition is a positive-sum “game” that benefits us all."
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