Mises Daily
Author:
Clifford F. Thies
Online Publish Date:
by Mises. Rather, work can be sent to them via the internet (and via other innovations in communication and transportation technologies). Economics does not bureaucrats. As Shakespeare once put it, “‘tis kind to be cruel.” The best policy is to make it clear that each of us has to adapt himself to changing specialization. This means that our increasing standards of living depend on policies conducive to the accumulation of capital, to risk-taking, and to free trade.