Notable Quote - Harold Demsetz - Granite Grok

Notable Quote – Harold Demsetz

Woodrow Wilson fit this mold.  The Socialists of the Frankfurt School did as well.

Beware the intellectual who seeks power over our decisions and over the persuasion to which we can respond, especially when he seeks this power to prevent us from doing what he thinks we should not desire to do.

– Harold Demsetz (“The Technostructure, Forty-Six Years Later”)

Obama is just the latest that believes he knows better than we do how we should live our lives and that his precepts are just “common sense for all”.  We call these kinds of people by a single word: Totalitarians.  As Prof Don Boudreauz says “…the intellectual arrogance and hubris of these intellectuals remain as intense and as dangerous as always.”

(H/T: Cafe Hayek)

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