Quotation of the Day…

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… is from page 102 of Robert Higgs’s 2007 book, Neither Liberty Nor Safety:

“Wartime prosperity,” however, is a myth: the war [WWII] merely replaced the economic suffering of the 1930s with a new form of privation, in many ways a worse form. Only in 1945-46, with the end of the war and the reconversion of the command economy to a more market-directed economic order, did genuine prosperity resume and persist.