Sunday, April 20, 2014

Shortest -- and Best -- Graduation Speech ever

A whole 335 words, and 12 bullet points.
1. Many things that are desirable are not feasible.
2. Individuals and communities face trade-offs.
3. Other people have more information about their abilities, their efforts, and their preferences than you do.
4. Everyone responds to incentives, including people you want to help. That is why social safety nets don’t always end up working as intended.

Read the whole thing at Thomas Sargent Shortest Graduation Speech - Business Insider

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