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Practical Notes Quotations

Chesterton Not Austrian Free Market Economist

G.K. Chesterton, “About Sir James Jeans”, As I Was Saying

And to say that if machinery created unemployment it also creates new industries and new employment, is simply to be stone blind to the staring and outstanding fact of the hour. That fact is that, even allowing for every effort to make new industries, unemployment has, on the balance, enormously increased.

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