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Replying to Avatar Prince Filip

“All that good government can do to improve the material well-being of the people is to establish and to preserve an institutional order in which there are no obstacles to the progressing accumulation of new capital required for the improvement of technological methods of production. This is what capitalism did achieve in the past and will achieve in the future too if not sabotaged by a bad policy.”

Ludwig von Mises, 1950.

https://cdn.mises.org/Middle%20of%20the%20Road%20Leads%20to%20Socialism.pdf

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William ₿ Travis 11mo ago

notice that government acquires no capital but merely protects the conditions under which incentive alignment can happen freely.

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