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"An economy cannot long remain prosperous by government's taxing and spending more, now absorbing national output at a rate equal to the entire income of every American living west of the Mississippi. If this trend continues, America will gradually sink into the status of a Third World nation -- more unemployment, more shackles on production, more poverty."

by:
John Hospers
(1918-2011) Professor Emeritus of Philosophy at the University of Southern California, author

 
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