- Cafe Hayek - http://cafehayek.com -
Quotation of the Day…
Posted By Don Boudreaux On September 29, 2013 @ 7:13 am In Reality Is Not Optional | Comments Disabled
… is from Milton Friedman; specifically, it’s from page 41 of the transcript of a May 2004 conversation between Milton Friedman and Thomas Sowell at Stanford University’s Hoover Institution; this transcript is printed in the superb 2009 volume, Peter Bauer and the Economics of Prosperity , James A. Dorn & Barun S. Mitra, eds. (New Delhi: Academic Foundation):
Well, there are fewer limits on what you can promise than on what you can deliver.
Politicians specialize in exploring the outer boundaries of what can be promised; good economists (such as Friedman, Sowell, and Bauer) specialize in exploring the reality of what can be delivered. Reality itself – indifferent to the romantic fantasies of humans who act as if reality is optional – specializes in enforcing itself.
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2013/09/quotation-of-the-day-766.html
URLs in this post:
 Peter Bauer and the Economics of Prosperity: http://www.amazon.com/Peter-Bauer-Economics-Prosperity-James/dp/8171886655/ref=sr_1_1?s=books&ie=UTF8&qid=1380452870&sr=1-1&keywords=peter+bauer+and+the+economics+of+prosperity
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2013%2F09%2Fquotation-of-the-day-766.html&Title=Quotation%20of%20the%20Day...
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.