Teachers Are Like Cops

If you do exactly what they say and convince yourself that they know better than you … you might think they are good people doing a good thing. Once you choose not to live under the thumb of other people, the people who wish to bully you will show themselves to be bullies.

It’s Either Bullies or Balance Sheets

A wise man once told me that in this life, you can obey balance sheets or bullies. In the end, those are the only two paths. He was drawing attention to an unavoidable reality in a world of scarcity. All scarce things must be allocated among competing ends. This can be done top-down by people in control, or it can be accomplished bottom-up with the signaling system that emerges from voluntary exchange. The two approaches don’t mix well.