The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Ludwig Von MisesRead
War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
Interpretation
War does not lead to economic prosperity; destruction does not create wealth.
Ludwig Von Mises argues that war cannot spur economic growth because the destruction of goods and resources eliminates value rather than creating it. In other words, while wartime spending may temporarily boost certain sectors, the overall impact of destruction is detrimental to the economy and does not lead to genuine wealth creation.
In practice
In a debate on fiscal policy, one might cite this quote to argue against military spending as a means to stimulate the economy.
The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.
Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.
The most serious dangers for American freedom and the American way of life do not come from without.
The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.
It's not that other countries steal jobs from you guys. It's your strategy. Distribute the money and things in a proper way.
Zoning laws making housing more expensive? That's less of a problem with a universal basic income and more of a reason to put money directly into people's hands.
One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels.
Today we have a temporary aberration called "industrial capitalism" which is inadvertently liquidating its two most important sources of capital, the natural world and properly functioning societies._x000D_ _x000D_ No sensible capitalist would do that.
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
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