Mises Wire
Author:
John Tamny
Online Publish Date:
“Fortunes cannot grow; someone has to increase them. For this the successful activity of an entrepreneur is needed. The capital reproduces itself, bears fruit and increases only so long as successful and lucky investment endures.” – Ludwig von Mises, Socialism , p. 340 In a recent edition of the New York Times , it was reported that there were 1.7