Bonus Quotation of the Day…

(Don Boudreaux)

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… is from page 305 of 2006 Nobel laureate Edmund Phelps’s 2013 book, Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change:

These visions of an alternative to the modern-capitalist economy all evoke magical thinking – a belief that for any worthy goal there is always a way.

DBx: Yep. Politics is a setting seething with mysticism. It encourages detachment from – even denial of – reality. And ironically, many of those persons who are most prone to fall for the absurd fantasies peddled by politicians and intellectuals go about publicly boasting of their commitment to science and reason.