Quotation of the Day…

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… is from Samuel Gregg’s brilliant July 2024 paper, “A Free, Prosperous and Secure America”:

A dynamic, competitive, and open economy is more likely to spark ongoing bottom-up entrepreneurship and innovation in every economic sector — including the defense industry — and thus produce genuine technological breakthroughs with potential military uses. In such conditions, military officials would be able to survey new, emerging technologies and assess which may give it an edge over its likely international opponents. Two welcome side-effects would be to diminish the cronyism problem and limit the understandable but also inhibiting preference on the part of military leaders and defense procurement specialists for what they already know.