Thinks 307

WSJ: “Most of us associate the ‘wow!’ emotion with something rare and beautiful: nature, music or a spiritual experience. But people in our daily lives can make us feel awe, too…Awe is the “Wow!” emotion, that feeling we get when something is so vast it stops us in our tracks. Often, it challenges or expands our thinking. Research shows that awe experiences decrease stress and anxiety and increase positive emotions and overall satisfaction in life, according to Dacher Keltner, a professor of psychology at the University of California, Berkeley, and faculty director of the university’s Greater Good Science Center, who studies awe. It can also help our relationships, making us feel more compassionate and less greedy, more supported by and more likely to help others.”

Donald Boudreaux: “By eliminating market prices in the means of production, socialism destroys the knowledge that must be discovered and acted on in order for resources to be allocated in ways that result in the production of outputs valued by consumers…Mises and Hayek’s argument is not that markets are perfect (whatever this term might mean). Rather, the argument is that the amount of knowledge available to central planners is so minuscule compared to the amount of knowledge routinely used in markets that socialist outcomes, compared to market outcomes, will inevitably be grim.”

Watching: Foundation (on Apple TV)

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Rajesh Jain

An Entrepreneur based in Mumbai, India.