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“When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.”
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“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: "In the long run we are all dead." And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.”
― Economics in One Lesson
― Economics in One Lesson
“Some ideas are so stupid that only intellectuals believe them.”
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“Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves.”
― Economics in One Lesson
― Economics in One Lesson
Louis’s 2025 Year in Books
Take a look at Louis’s Year in Books, including some fun facts about their reading.
509 books
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168 friends
116 books
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302 friends
2 books
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114 friends
1 book
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166 friends
1 book
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1 friend
72 books
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31 friends
1 book
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25 friends
47 books
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14 friends
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