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Oh, she doth teach the torches to burn bright!It seems she hangs upon the cheek of nightLike a rich jewel in an Ethiope’s ear,Beauty too rich for use, for earth too dear.So shows a snowy dove trooping with crowsAs yonder lady o'er her fellows shows.The measure done, I’ll watch her place of stand,And, touching hers, make blessèd my rude hand.Did my heart love till now? Forswear it, sight!For I ne'er saw true beauty till this night.
William Shakespeare
In the natural sciences, some checks exist on the prolonged acceptance of nutty ideas, which do not hold up well under experimental and observational tests and cannot readily be shown to give rise to useful working technologies. But in economics and the other social studies, nutty ideas may hang around for centuries. Today, leading presidential candidates and tens of millions of voters in the USA embrace ideas that might have been drawn from a 17th-century book on the theory and practice of mercantilism, and multitudes of politicians and ordinary people espouse notions that Adam Smith, David Ricardo, and others exploded more than two centuries ago. In these realms, nearly everyone simply believes whatever he feels good about believing.
Robert Higgs

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