Gobbet of the day:
[D]emocracy does not mean and cannot mean that the people actually rule in any obvious sense of the terms 'people' and 'rule.' Democracy means only that the people have the opportunity of accepting or refusing the men who are to rule them. But since they might decide this also in entirely undemocratic ways, we have had to narrow our definition by adding a further criterion identifying the democratic method, viz., free competition among would-be leaders for the vote of the electorate.from Schumpeter's "Capitalism, Socialism, and Democracy"
Link of the day: as Tyler Cowen calls it - "Website about airline food" :P - for Christ's sakes, would someone please send to them the picture of MIAT's inflight food? Aero Mongoliagiih baigaa murtuu MIAT-iih alga. How unfair is that? :P
via Marginal Revolution
Video of the day: Herbie Hancock and Corinne Bailey Rae are covering Joni Mitchell's "River" - bloody brilliant!