… is from page 155 of Wilhelm Röpke’s 1959 book, International Order and Economic Integration:
Fear, defined as an unreasonable and immeasurable exaggeration of possible dangers is indeed a basic trait of the present-day resistance to a world-wide economy.
DBx: Yes. Unfortunately, the same fear about which Röpke wrote in 1959 is rampant in 2023. And how ironic it is that this fear is felt most – or certainly not least – by public figures who pose as tough and fearless.