Bonus Quotation of the Day…

(Don Boudreaux)

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… is from page 216 of Roger Koppl’s important – and today especially relevant – 2018 book, Expert Failure:

Truth is only one of many things demanders [of ideas] want from ideas. And sometimes truth has nothing to do with it. Often, demanders in the market for ideas want magical thinking. By “magical thinking” I mean an argument with one or more steps that require something impossible. Unfortunately, experts often have an incentive to engage in magical thinking.