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Quotation of the Day…

… is from page 291 of Liberty Fund’s 2011 Definitive Edition (Ronald Hamowy, ed.) of F.A. Hayek’s soaring 1960 book, The Constitution of Liberty:

The decisive factor which made the efforts of the [French] Revolution toward the enhancement of individual liberty so abortive was that it created the belief that, since at last all power had been placed in the hands of the people, all safeguards against the abuse of this power had become unnecessary.