Quotation of the Day…

(Don Boudreaux)

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… is from page 495 of F.A. Hayek’s July 11th, 1978, letter to the editor of The Times (of London) as this letter is reprinted in the hot-off-the-press Essays on Liberalism and the Economy (2022), which is volume 18 (expertly edited by Paul Lewis), of The Collected Works of F.A. Hayek:

A limited democracy might indeed be the best protector of individual liberty and be better than any other form of limited government, but an unlimited democracy is probably worse than any other form of limited government, because its government loses the power even to do what it thinks right if any group on which its majority depends thinks otherwise.