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Quotation of the Day…

… is from page 61 of F.A. Hayek’s July 1946 speech at Stanford University titled “The Prospects of Freedom,” as this speech appears – for the first time in print – as chapter 3 of Essays on Liberalism and the Economy, which is volume 18 of The Collected Works of F.A. Hayek (Paul Lewis, ed., 2022):

There is so much sloppy thinking, so much concealed inconsistency in the prevailing convictions, that a somewhat negative approach may be very wholesome.

DBx: When it comes to economics and government policy, the world doesn’t suffer from a lack of good ideas anywhere nearly as much as it suffers from a superabundance of bad ones.

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