Quotation of the Day…

(Don Boudreaux)

is from page xiv of University of Notre Dame philosopher James Otteson’s excellent and hot-off-the-Cambridge-University-Press book, Seven Deadly Economic Sins (2021):

But one of the primary intellectual virtues is to know the limits of one’s knowledge, and to proportion one’s beliefs (and the strength of one’s beliefs) accordingly.

DBx: Indeed so.

Unfortunately, this intellectual virtue is more rare than chaste prostitutes.

The world swarms with people itching to use coercion to impose their intellectual visions on humanity. From proponents of industrial policy to congregants of wokeness, enthusiasts for income or wealth ‘redistribution,’ champions of “corporate social responsibility,” demanders of minimum-wage legislation, and lovers of lockdowns, there is a superabundance of arrogant people – left, center, and right – who fancy themselves and their puny imaginations to be fit to lord it over their fellow human beings.

The arrogance is mind-blowing. The ignorance is stunning.

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