Nov. 16th, 2020

prakapovich: (Default)
By the way: In contrast, government officials do not produce anything consumers demand (otherwise they would not need taxes to finance themselves; they would simply sell whatever 'goods' they had to offer and live of[f] the sales-revenue). Government officials spend their tax-revenue on what they think is good, not on what consumers think good. Moreover, government officials, who do not spend their own money, but the money coercively taken from others in the form of taxes, are typically careless and wasteful in the management of such funds.


https://mises.org/library/economics-philosophy-and-politics

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prakapovich

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