Quotation of the Day…

(Don Boudreaux)

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… is from page 124 of the original 1960 Harvard University Press edition of Frank Knight’s collection of lectures, delivered in 1958 at the University of Virginia, titled Intelligence and Democratic Action:

Freedom in society means, in short free (that is, voluntary) association, on terms freely agreed upon by the parties involved, in contrast with dictation by any prescriptive authority or law.