Quotation of the Day…

by Don Boudreaux on November 19, 2016

in Hubris and humility, Man of System, Regulation, Seen and Unseen

… is from pages 111-112 of the 2016 Mercatus Center re-issue of my late colleague Don Lavoie’s 1985 volume National Economic Planning: What Is Left? (footnote deleted):

imagesIf the planners do not know the details, then they do not know what they need to know to justify the imposition of their choices over those who they are trying to direct.

DBx: Indeed so.

It isn’t too much of a simplification to say that those who trust state officials to ‘regulate’ do not understand how enormously complex social reality is, while those who oppose such legislation and regulation do understand that reality is so complex as to defy social engineering of any sort.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: