Quotation of the Day…

(Don Boudreaux)

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… is from pages 39-40 of my emeritus colleague Richard Wagner’s insightful 2016 book, Politics as a Peculiar Business:

Everyone, private citizens and political figures alike, acts on partial and incomplete information, for there is no other option in the presence of the scale and complexity of contemporary  societies. A chief and a council of five elders might reasonably know everything of relevance for keeping a tribe of 200 performing as they think it should. For democratic systems of tens or hundreds of millions, however, any such presumption is some combination of arrogance and fatuousness.

DBx: Yes. Unfortunately, contemporary society is cursed with a superabundance of individuals with such arrogance and fatuousness. These individuals come in all stripes of ideology and politics save one: classical liberalism.