Quotation of the Day…

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

America’s emphasis should thus be upon developing new technologies – whether military, dual-use, or civilian. Constant innovation is critical for maintaining and extending America’s military technological edge. To facilitate that growth, policymakers should consider what economic conditions are most likely to generate and incentivize such developments. As observed, we have good reason to believe that an economy characterized by liberty, entrepreneurship, competition, and dynamic trade, within the United States and between America and the rest of the world, is far more proficient at delivering this type of innovation consistently. Economic nationalist policies conversely are unlikely to do so.