Quote by Murray Rothbard
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
Summary
This quote emphasizes that not knowing about economics is not a wrongdoing, as it is a specialized field that many find unappealing. However, the quote argues that it becomes highly irresponsible when individuals express strong and noisy opinions on economic matters without gaining any knowledge or understanding about the subject. It suggests that forming opinions without learning about economics can lead to ill-informed discussions and potentially harmful decision-making.
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