Quotation of the Day…

by Don Boudreaux on August 5, 2021

in Hayek, Hubris and humility, Myths and Fallacies

… is from page 3 of volume III (“The Political Order of a Free People,” 1979) of Hayek’s Law, Legislation, and Liberty:

The tragic illusion was that the adoption of democratic procedures made it possible to dispense with all other limitations on governmental power.

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