Quotation of the Day…

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… is from page 637 of the final (2016) volume – Bourgeois Equality – of Deirdre McCloskey’s soaring trilogy on the essence of bourgeois values, on their transmission:

People want dignity, even more than they say they want income equality. And in a modern economy they achieve it. If we insist on ignoring the equality of genuine comfort, and if we marshal populist politics agains a first-act inequality of income that yields enrichment for the poor as much as it yields baubles for the rich, we can kill dignity and material comfort for the rest of us. It’s happened, repeatedly.

DBx: A wise and timely warning, this.

Please join me in wishing Deirdre a very happy birthday today. May she – for our sake no less than for her’s – live to see many, many more!