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Quotation of the Day…

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… is from page 109 of economic-historian Deirdre McCloskey’s excellent 2019 volume, Why Liberalism Works: How True Liberal Values Produce a Freer, More Equal, Prosperous World for All [2]:

What made us rich was liberty, not helpful nudges and lovely industrial policies and wonderful protections enforced by the government’s monopoly of coercion, on display in China in the hugely unprofitable governmental enterprises.

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