Notable Quote - Diedre McCloskey - Granite Grok

Notable Quote – Diedre McCloskey

And if the creative destruction producing its irritating novelties is tested commercially we can at least be assured that on balance the mass of the people prefer it, in their vulgar, massy ways. One suspects that the conservatives of left and right don’t much like the “mass” and its badly informed preferences. Let us take care of you, they cry. Let tradition celebrated by wise elders, or planning implemented by wise experts, guide you, oh you sadly misled mass. And offstage the ancient lords and the cosy monopolists look on such conservative theorizing by the clerisy with delight, assured by it that their rents will be preserved.

Deirdre McCloskey (economist, writer Bourgeois Equality)

(H/T: Cafe Hayek)

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