The government creates a demand for these services out of thin air: the existence of ambassadors is what leads to the work done by ambassadors. They do not take their services to market to sell them to anyone who happens to be a willing buyer.
Today's crop of central planners and big-spending politicians could learn a thing or two about economics from Henry Hazlitt.
First they came for the cigarettes, then Hank Williams Jr. got knocked off Monday Night Football.
We would do well to study the intellectual, political, social, and economic history that made Mises write with such urgency and passion.
There is 1 percent out there who do live parasitically off the population and exploit the 99 percent. Even today the state is made up of a tiny sliver of the population but is the cause of all the impoverishing wars, inflation, taxes, regimentation, and social conflict.
An increase in the quantity of money doesn't bring any general improvement of conditions.
From Man, Economy, and State, narrated by Jeff Riggenbach.
From Man, Economy, and State, narrated by Jeff Riggenbach.
What the protesters do not realize is that the wealth of the 1 percent provides the standard of living of the 99 percent.
