"An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund, which can be squeezed forever. The whole system of interventionism collapses when this fountain is drained off: The Santa Claus principle liquidates itself."~ Ludwig Von Mises from his book Human Action [hat tip Joshua Mawhorter in his article '“Socialism to Me”: Definition by Wishful Thinking']
Friday, 16 October 2026
The Santa Claus principle
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment