Quotation of the Day…

(Don Boudreaux)

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… is from page 169 of the original edition of volume III (“The Political Order of a Free People,” 1979) of F.A. Hayek’s Law, Legislation, and Liberty (first emphasis original; second emphasis added; footnote deleted):

That progress may be faster than we like, and that we might be better able to digest it if it were slower, I will not deny. But, unfortunately, progress cannot be dosed, (nor, for that matter, economic growth!) All we can do is to create conditions favourable to it and then hope for the best. It may be stimulated or damped by policy, but nobody can predict the precise effects of such measures; to pretend to know the desirable direction of progress seems to me to be the extreme of hubris. Guided progress would not be progress.