How to Learn from History

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How to Understand Folk Wisdom »

Reader Comments (4)

Those who do not study history are doomed to repeat it in summer school.

And, if you've got a Cobra, we're there on the double. G.I. Joe is there!

July 27, 2014 | Unregistered CommenterMatt

If you're hardcore enough to ranch rattlesnakes, their venom is more valuable per ounce than gold.
Might have to get some permits to have venomous snakes, but there's always demand for antivenom, so they wouldn't make it impossible.

July 27, 2014 | Unregistered CommenterDee

Don't remember which book it was, but Terry Pratchett would advise you to tax the cobra ranches.

July 28, 2014 | Unregistered CommenterMarkus

As a student of economics i'm quite familiar with this story. The most important lessons it teaches are: 1) just how big of an effect incentives really do have on people's choices, and 2) how government activities are a net loss 99.999... percent of the time due to the economic calculation problem and unintended consequences.
http://en.wikipedia.org/wiki/Economic_calculation_problem .

Don't forget that the wealth transferred to said cobra ranchers had to be taken from productive citizens...

July 28, 2014 | Unregistered Commenterjakejohn

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