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Quotation of the Day…

… is from page 251 of Deirdre McCloskey’s 2024 paper “Market Prices are Not Inherently Corrupting,” which is chapter 19 in The War on Prices: How Popular Misconceptions About Inflation, Prices, and Value Create Bad Policy (Ryan A. Bourne, ed., 2024):

Most often, and especially when dealing with strangers, money prices take an item out of the political or ethical realm in a way that paradoxically purifies it. Allocating goods by social class or race or violence or political pressures or party membership is disgraceful. A price for most goods is merely a price. No shame attached.