Libertarian History/Philosophy

Mark Twain on Communism

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In the Wall Street Journal, Mark Twain's refined economic theories [subscription required]:

"Communism is idiotcy," he reckoned. "They want to divide up the property. Suppose they did it—it requires brains to keep money as well as make it. . . . The division would have to be re-made every three years or it would do the communist no good."

Via Greg Mankiw