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| | Bastiat: Selected Essays, Chapter 1, What Is Seen and What Is Not Seen: Library of Economics and Liberty |
 | | It is not seen that if he had not had a windowpane to replace, he would have replaced, for example, his worn-out shoes or added another book to his library. |
 | | In this case, as we have just seen, he realizes a saving on the costs of production, which, no matter how it is spent (and it always is), gives employment to just as many hands as the machine has made idle. |
 | | Furthermore, it is not seen that this reallocation involves two profound injustices: injustice to John, who, after having merited and won credit by his honesty and his energy, sees himself deprived; injustice to the taxpayers, obligated to pay a debt that does not concern them. |
| www.econlib.org /library/Bastiat/BasEss1.html (13589 words) |
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