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Show Notes
The truth is that the government cannot give if it does not take from somebody. A subsidy is never paid by the government out of its own funds. Inflation and credit expansion do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.
From Chapter V: "The Social and Political Implictations of Bureaucratization". Narrated by Millian Quintero.
Topics
EducationInterventionismPhilosophy and MethodologyWorld History