Mises Wire
Author:
Frank Shostak
Online Publish Date:
the aim is just to employ as many people as possible. We suggest that such a policy would amount to a waste of scarce real savings. Every activity whether deviation from the value of his true contribution sets in motion corrective competitive forces. What matters for the well-being of most individuals is not that in the pool of real savings. Consequently, any government and central bank policies aimed at lowering unemployment by means of stimulus policies amounts to a