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“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
― Is Reality Optional? And Other Essays
― Is Reality Optional? And Other Essays
“People who pride themselves on their "complexity" and deride others for being "simplistic" should realize that the truth is often not very complicated. What gets complex is evading the truth.”
― Barbarians Inside the Gates and Other Controversial Essays
― Barbarians Inside the Gates and Other Controversial Essays
“The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.”
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“Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.”
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“Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.”
― Knowledge and Decisions
― Knowledge and Decisions
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