- Cafe Hayek - https://cafehayek.com -

Bonus Quotation of the Day…

Tweet [1]

… offers a Higgsian truth [2] that I hope (without hope) is taken to heart by whichever “prancing pony” wins tomorrow’s presidential election; it is from pages 56-57 of volume II of the 1873 Thomas Nugent translation of Baron de Montesquieu’s The Spirit of the Law [3]s [3]:

Trade is in its own nature extremely uncertain; and it is a great evil to add a new uncertainty to that which is founded on the nature of the thing.