Quotation of the Day…

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… is from page 185 of Rainer Zitelmann’s 2019 book, The Power of Capitalism:

Massive public borrowing and economic interventions by governments and central banks are exacerbating current problems by pushing them into the future. This will continue until the system either recovers through radical capitalist reforms – or collapses, giving rise to demagogues whose promises of salvation mobilize the masses and lead them into bondage.