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“At any rate, planning in this sense means all-around planning by the government and enforcement of these plans by the police power. Planning in this sense means full government control of business. It is the antithesis of free enterprise, private initiative, private ownership of the means of production, market economy, and the price system. Planning and capitalism are utterly incompatible. Within a system of planning production is conducted according to the government's orders, not according to the plans of capitalists and entrepreneurs eager to profit by best filling the wants of the consumers.”
― Planning for Freedom
― Planning for Freedom
“There is, in short, nothing wrong and everything right with inside trading. If anything, inside traders should be hailed as heroes of the free market instead of being apprehended in chains. But, you say, it is “unfair” for some men to know more than others, and actually to profit by that knowledge. But what kind of a world-view dubs it “unfair” for some men to know more than others? It is the world-view of the egalitarian, who believes that any kind of superiority of one person over another—in ability, or knowledge, or income, or wealth—is somehow “unfair.” But men are not ants or bees or robots; each individual is unique and different from others, and ability, talent, and wealth will therefore differ.”
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“One of the central axioms of libertarianism is the idea that the same morality applies to every person, whether acting on behalf of a public apparatus or in his individual capacity. Society and individuals must be judged as a whole: if something is morally unacceptable, it should be so for everybody.”
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“Analysis predating [Milton] Friedman's gave a different answer to question of the Fed's policy errors [during the Great Depression] and new scholarship is validating the old wisdom. It now appears that Friedman will be merely an interlude between the sounder analysis of economists contemporary to the Great Depression and those who have rediscovered their insights. --Jeff Herbener”
― The Fed at One Hundred: A Critical View on the Federal Reserve System
― The Fed at One Hundred: A Critical View on the Federal Reserve System
“If God has the truth and if man has only an analogy, it follows that he does not have the truth. An analogy of the truth is not the truth; even if man’s knowledge is not called an analogy of the truth but an analogical truth, the situation is no better. An analogical truth, except it contain a univocal point of coincident meaning, simply is not the truth at all. In particular (and the most crushing reply of all) if the human mind were limited to analogical truths, it could never know the univocal truth that it was limited to analogies. Even if it were true that the contents of human knowledge are analogies, a man could never know that such was the case; he could only have the analogy that his knowledge was analogical. This theory, therefore, whether found in Thomas Aquinas, Emil Brunner, or professed conservatives is unrelieved skepticism and is incompatible with the acceptance of a divine revelation of truth.”
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Reformed Pub
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CJay’s 2025 Year in Books
Take a look at CJay’s Year in Books, including some fun facts about their reading.
5,180 books
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778 books
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95 friends
284 books
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131 friends
1,550 books
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145 friends
1,200 books
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51 friends
5,187 books
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338 books
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1,635 books
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173 friends
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