Wednesday, 5 June 2002

Sorting out the sheep from the goats

Fordyce Maxwell writes in the Scotsman:
"Some things can’t be taught. In fact, quite a lot of things can’t be taught, and how to make money is one of them. As has been pointed out, correctly, several times recently, there is no positive correlation between an increasing proportion of a nation’s population going through higher education and its economic performance."
Just so. Mr Maxwell's meeting with three multi-millionaires parallels the von Mises quote that I posted on 31st May.