Wednesday, October 29, 2014

Tom Sowell on the fatal conceit of statists everywhere

Oh yes indeed they do.

Too many intellectuals are too impressed with the fact that they know more than other people. Even if an intellectual knows more than anybody else, that is not the same as saying that he knows more than everybody else put together — which is what would be needed to justify substituting his judgment for that expressed by millions of others through the market or through the ballot box.

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