Wednesday, 7 January 2009

Haven't I already said all this?

This all sounds very familiar!

In the words of Ludwig von Mises, "a government can spend or invest only what it takes away from its citizens... Its additional spending and investment curtails the citizens' spending and investment to the full extent of its quantity."

1 comment:

Tristan said...

Saw an interesting theory that General Theory was a joke, otherwise how could someone as intelligent as Keynes have come up with it?