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Quotation of the Day…

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… is from page 146 of Ludwig von Mises [2]‘s 1951 essay “Profit and Loss [3],” as reprinted in the 2008 Liberty Fund edition of Mises’s 1952 collection, Planning for Freedom [4]:

What has been called the democracy of the market manifests itself in the fact that profit-seeking business is unconditionally subject to the supremacy of the buying public.

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