Quotation of the Day…

by Don Boudreaux on December 10, 2014

in Hubris and humility

… is from page 24 of Marty Mazorra’s superb 2013 volume, Leaving Liberty?:

Whether we’re talking the politician with no business experience or PhD Fed chairman, I’m thinking that the follies of public policy we free-market types like to point out have much to do with the fact that today’s policymakers (so many of them) were reared in an essentially academic environment.  It’s like that immune system study where a group of chickens were grown in an optimally comfortable environment: perfect temperature, plenty of the best feed, no risk or challenges whatsoever.  After a few generations the scientists placed the offspring of these chickens in a normal environment.  They all quickly died.

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