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, written by Jeremy. Read the commentary.

Ludwig von Mises in Human Action:

“Action is always directed by ideas; it realizes what previous thinking has designed.”

Too often I hear that tactics trump strategy. That execution is more important than ideas. I don’t agree.

Ideas and thought are the bones and skeleton on which design is hung. It is only out of this body that purposeful action can come.

If anything, execution/action is more rare than ideas. But purposefully designed thought is rarer still.

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