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“But the movie isn’t about fractional reserve banking, any more than it’s about angels getting their wings. It’s about the positive, cumulative, but unseen benefits to many people of individual acts of charity and honesty. It’s also about capitalism: home ownership, small businesses, and sacrificial hard work. That’s why immigrants should be required to take a test on ‘It’s a Wonderful Life.’ It wouldn’t hurt to have political candidates take the test, either. I suspect that most of them would flunk.”

“‘Merry Christmas, Mr. Potter!’”

by Gary North
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