November 30, 2022
"The issue is always the same: the government or the market. There is no third solution." - Ludwig von Mises
Tim adds:
There is no "theory" of capitalism. It is a matter of Natural Law. It is what people will do if left to their own devices. All other theories of economics stem from some sort of control of the economy, even if a corporate control. Capitalism is the basis of all economic activity, even in Communist countries; the black market is purely capitalistic and is what keeps most Communist nations afloat. As the People of Cuba are wont to say "if you pretend to pay us we'll pretend to work". That is true of a statist economic system. They make their living off of work done outside the system. That is always the way of things where free markets are abrogated.
Posted by: Timothy Birdnow at
11:59 AM
| Comments (5)
| Add Comment
Post contains 144 words, total size 1 kb.
Posted by: markwaa at March 22, 2023 06:56 AM (w4G6O)
Posted by: filmplus app at March 22, 2023 07:01 AM (w4G6O)
Posted by: happychick at March 22, 2023 07:07 AM (w4G6O)
Diploma in ship catering Management in coimbatore Consistently inviting new visitors to the lodging implies every day is loaded up with various difficulties and solicitations and this keeps your functioning day intriguing.
Posted by: Diploma in ship catering Management in coimbatore at April 12, 2023 11:02 PM (mbd/h)
Posted by: Fake Tag Heuer at May 22, 2023 08:59 AM (SUYyh)
37 queries taking 0.8951 seconds, 159 records returned.
Powered by Minx 1.1.6c-pink.