The Four Pillars of Economic Understanding Quotes

“Friedrich Hayek explains in detail why in the realm of public policy it is important to insist that principle be upheld in the face of expediency. Arguments for expediency understate the true cost of public policy because they neglect the beneficial outcomes of what would have occurred under a general principle of freedom. The proposed benefits of the expedient path are concrete, but the costs are unseen.”
― Peter J. Boettke, The Four Pillars of Economic Understanding