Quotation of the Day…

(Don Boudreaux)

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… is from page 267 of Richard W. Duesenberg’s insightful 1962 article “Individualism and Corporations” (available without charge on-line here) as it appears in Liberty Fund’s 1981 single-volume collection of New Individualist Review:

The pragmatism of deciding each issue or case “on its merits” as an ad hoc proposition fails for want of a necessary ingredient of any good law, predictability. The alleged judiciousness of a society which does not feel itself bound to fixed principles is, in fact, not judiciousness, but simply a lack of principle, a drifting toward the point of not more, but less free will.