Quotation of the Day…

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… is from page 166 of Deirdre Nansen McCloskey’s excellent 2022 volume, Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics:

Liberalism has always been a theory against and therefore about coercion. When my left-wing friends, of whom I have many, claim with a knowing smirk that in admiring markets I am “ignoring power,” I have a way of responding: no, dear, it is you who are ignoring power, the power of the monopoly of coercion called a government.