Mises explained how the liberal society does not encourage isolation of individuals. In fact, “there is no conflict of interest between society and the individual, as everyone can pursue his interest more efficiently in society than in isolation.”
The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.
Argentina suffers from both high taxes and high rates of tax evasion. These two things are connected. The harder it is to pay taxes, the greater the motivation to evade them.
