Bonus Quotation of the Day…

(Don Boudreaux)

… is from page 70 of the May 9th, 2020, draft of the superb forthcoming monograph from Deirdre McCloskey and Alberto Mingardi, The Illiberal and Anti-Entrepreneurial State of Mariana Mazzucato:

Top-down is an old error in social thinking – and a persistent one. It is what connects witch-doctors in Neolithic tribes to contemporary socialist professors.

DBx: Yes – and also among those who today believe in the wizardry of top-down direction of economic affairs are proponents of protectionism and industrial policy, only some of whom are socialist professors.