Quotation of the Day…

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… is from page 53 of Ludwig von Mises’s September 1949 Plain Talk essay, “The Why of Human Action,” as this essay is reprinted in the 2007 Liberty Fund edition, edited by Bettina Bien Greaves, of some of Mises’s essays – a collection titled Economic Freedom and Interventionism: An Anthology of Articles and Essays:

The social function of economic science consists precisely in developing sound economic theories and in exploding the fallacies of vicious reasoning. In the pursuit of this task the economist incurs the deadly enmity of all mountebanks and charlatans whose shortcuts to an earthly paradise he debunks. The less these quacks are able to advance plausible objections to an economist’s argument, the more furiously do they insult them.