The Argument For Collectivism Is Simple; Free

Universities Exist To Transmit Knowledge And Understanding Of Ideas And Values To Students Not To Provide Entertainment For Spectators Or Employment For Athletes.

The Price Works So Well, So Efficiently, That We Are Not Aware Of It Most Of The Time.

What You Have As A Result Of Past Policies Is That German Entrepreneurs Go Outside Of Germany For Many Of Their Activities. They Are Investing Abroad Instead Of At Home Because There Isn't The Openness, Fluidity And Opportunity They Find Outside Their Borders.

The True Test Of Any Scholar's Work Is Not What His Contemporaries Say, But What Happens To His Work In The Next 25 Or 50 Years.

I Cannot Disagree With You That Having Something Like 500 Economists Is Extremely Unhealthy. As You Say, It Is Not Conducive To Independent, Objective Research. You And I Know There Has Been Censorship Of The Material Published. Equally Important, The Location Of The Economists In The Federal Reserve Has Had A Significant Influence On The Kind Of Research They Do, Biasing That Research Toward Noncontroversial Technical Papers On Method As Opposed To Substantive Papers On Policy And Results