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Source link: http://archive.mises.org/10408/two-must-reads/

Two Must Reads

August 5, 2009 by

B281_T.jpgIn his book, Capital and Production, Richard von Strigl clearly shows that an advanced economy exists due to two social funds: the subsistence fund and the renewal fund. Neither of which is the product of printing presses.

B406_T.jpgFor those wanting to show that redistribution (i.e. soaking the rich to benefit everyone else) is an impossibility, Bertrand de Jouvenel’s book, The Ethics of Redistribution, contains an appendix with a sound refutation. Of course, times and places change. Regardless, to my knowledge, the bulge in the wealth distribution curve is always to the left.


David August 5, 2009 at 10:51 pm

You would be right were it not for the fact that once I toss a couple trillion pieces of paper over the economy, real wealth instantly doubles. The paper has a special Wealth-Increasing Effect, what economists call WIE. I’m surprised you don’t know this.

Mrhuh August 5, 2009 at 11:24 pm

I hope that you’re joking David since those trillion pieces of paper have debased value leading to higher costs.

David Bratton August 5, 2009 at 11:48 pm

I’m sure it was sarcasm. How do you pronounce WIE?

newson August 6, 2009 at 4:54 am

what, no wie programme?

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