“Laissez-faire is dead and the modern state has become responsible for the modern economy as a whole. The task of insuring the continuity of the standard of life for its people is now as much the fundamental duty of the state as the preservation of national independence.” — Walter Lippmann, Godkin Lectures, 1934.
Oh, come on, let them eat cake
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Kind of amazing how true this statement holds, eh? I always considered myself a staunch capitalist, but times have changed.
Nice place, Tetman!