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The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
Henry Hazlitt
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The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

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The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.

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