Quote Of The Day

Published on 6/9/2010 in Capitalism and Economics. 1 Comment

“I believe that greater concentration of power in the hands of government experts is wrong for two reasons. First, other things equal, it diminishes the liberty and dignity of the typical individual. Second, I believe that experts systematically over-estimate the value of what they know and under-estimate the value of what they do not know.” — Arnold Kling

1 Response to “Quote Of The Day”

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  • crowhill
    6/10/2010 at 12:51 pm

    Good one.

    I’ve been reading “The Invisible Gorilla,” which talks about various ways we think we know (or notice) something when we really don’t, and this quote fits right in.

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