Unhide the Library folder on (Mountain) Lion

Problem

Since OSX 10.7 Apple has decided to hide the ~/Library folder from your users directory. When you are using the iPhone Simulator or other development applications, you spend a fair amount navigating around in the Library. So if you are tired of using command+shift+G all the time, you can easily unhide the Library folder forever and ever, without showing all the hidden files on your system!

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