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Bonus Quotation of the Day…

… is from page 61 of the great economic historian T.S. Ashton’s 1951 paper “The Treatment of Capitalism by Historians,” which is chapter 1 of the 1954 volume edited by Hayek, Capitalism and the Historians:

I believe that the creative achievements of the state have been vastly overrated and that, in the words of Calvin Coolidge, “where the people are the government they do not get rid of their burdens by attempting to unload them on the government.”