Jan 14, 2022

Ludwig von Mises on the mixed economy

There is no mixture of the two systems possible or thinkable; there is no such thing as a mixed economy, a system that would be in part capitalistic and in part socialist.  Production is directed by the market or by the decrees of a production tsar or a committee of production tsars.

~ Ludwig von Mises, Human Action, p. 258



No comments: