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Quotation of the Day…

… is from page 256 of the original edition of Robert Higgs’s indispensable 1987 book, Crisis and Leviathan:

The mixed economy that has prevailed in the United States since World War II, a uniquely American form of participatory fascism, has lent itself to a substantial expansion of the scope of government authority over economic decision-making.  Given capitalist color by the form of private property rights, the system has denied the substance of any such rights whenever governmental authorities have found it expedient to do so.