Quotation of the Day…

… is from this short clip of a 1977 interview that my GMU colleague Tom Hazlett (then a student at UCLA) did with Hayek:

Keynes was very capable of rapidly changing his opinion….  He has been so much an intuitive genius, but not much a strict logical reasoner…. I regard him as a real genius, but not as a great economist, you know.  He was not a very consistent or logical thinker.