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  • The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

    Thomas Sowell
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    Thomas Sowell (1993). “Is Reality Optional?: And Other Essays”, Hoover Inst Press
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The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. - Thomas Sowell
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