Quotation of the Day…

by Don Boudreaux on February 10, 2014

in Hubris and humility, Intervention, Nanny State

… is from page 33 of the manuscript of Deirdre McCloskey‘s forthcoming volume, The Treasured Bourgeoisie: How Markets and Improvement Became Virtuous, 1600-1848, and Then Suspect (original emphasis):

One suspects that the conservatives of left and right don’t much like the “mass” and its badly informed preferences.  Let us take care of you, they cry.  Let tradition celebrated by wise elders, or planning implemented by wise experts, guide you, oh you sadly misled mass.  (The ruling lords and the monopolists view the clerisy’s conservative theorizing with delight, resting assured that the elders and the planners will inadvertently shield their rents.)

Or let us “protect producers’ jobs,” disregarding the dollar votes of the much more numerous consumers.

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