Quotation of the Day…

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… is from page 195 of Matthew Hennessey’s splendid 2022 book, Visible Hand:

Classical liberalism, as understood by Adam Smith and the American Founders, is an umbrella term. It describes a political philosophy characterized by an emphasis on liberty, limited government, and individual rights. Classical liberalism elevates the rights of people above the rights of the collective. In doing so, it liberates human potential and enables the representative democracy under which we live. In the 19th and 20th centuries the expansion of classical liberalism paved the way for an outpouring of technological innovation and economic dynamism that changed the world, freeing millions from slavery – figurative and literal – and sparking a mind-blowing rise in living standards and life expectancy.