Tuesday, August 05, 2008

The Tenacity Of Ludwig Von Mises

Gary North writes, "Mises never stopped saying in print that the dominant economic ideas of his era were all tainted to one degree or other with the irrationalism of socialism. He never stopped saying that all civil governments are at bottom inflationary because politicians seek to extract wealth from those under their jurisdiction, and at some point, the victims resist. Governments turn to fiat money in order to extract wealth by stealth."

The Tenacity Of Ludwig Von Mises

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