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Let's begin today and try to pick up. Would you like to
talk about Harry Scherman at all?
We've talked about the Book-of-the Month Club, haven't we?
We've talked about the checks. Now, is there anything more
Harry was quite an economist, beside being the head of
the Book-of-the-Month Club; and for years he'd been working on
a book called The Promises Men Live By, highlighting the fact
that governments are worse credit risks than private people.
This is a book that explores the unreliability of governments,
which never pay back loans.
Isn't it still in print or used in colleges?
I think I read it for one of my economics courses.
It was an enormous success. And, of course, the Book-
of-the-Month was really helpful with it.
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