Mises Wire
Author:
Carmen Elena Dorobăț
Online Publish Date:
the stunting of domestic capital accumulation that began with monetary and social policies of the preceding century and whose effects are now fully felt. And it is the sought after and implemented in the U.S. or Europe, where it is touted either as innovative, stimulating, or anti-cyclical. In 1952, in The Plight of Underdeveloped economically backward countries. Where there is very little to be distributed, a policy of an allegedly “fairer” redistribution is of no use at all. [] The problem