Quotation of the Day…

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… is from page 39 Lawrence W. Reed’s soon-to-be-published book, Born of Ideas [link added]:

So much of sound economics reduces to what Pelatiah Webster would likely regard as common sense: Don’t spend what you haven’t got. Don’t mortgage your children’s future. Leave people alone to produce and create. Refrain from cheating your creditors or your customers. Be honest with money. Let trade be unfettered by superstition, fallacy, or the arrogance of officials. Work hard. Save and invest wisely. Honor your contracts. Establish a stable framework under the rule of law so that people can go about their business. Follow the Golden Rule. Keep the peace.