So: Timmy recommends as “An excellent piece” Art People: Learn Economics, I Beseech You by Franklin Einspruch. And, well, its all more or less the obvious if you’ve been following Timmy or similar, but said quite nicely especially the headings (The Opposite of Greed is Fear is definitely cute). But then! Quelle horreur:
Socialism means no toilet paper.
Especially when its actually:
If you take one lesson from this essay, make it this: Socialism means no toilet paper.
So it would be gross weaselling to say, to take a random possible defence that only the most weaselly of weasels would make, “but that’s a detail from what I still regard as a lovely piece” :-). Ahem.
Bu this is worth knowing, and I think it is worth knowing, as a thought even if not as something you’re prepared to agree with, that what destroys toilet paper is not socialism, but a non-market economy. Or, put into the cutesy style of the piece’s own headings: the opposite of socialism is capitalism, not markets. The opposite of markets is non-markets / central planning, not socialism. More words from Timmy on the same / similar.
1. But only by remembering what he said slightly better than he remembered it. If, indeed, I have.