Self-Sufficiency is the Route to Poverty (TechCentralStation.com), quoting Rothbard and Mises: “Here’s a blunt fact: Self-sufficiency is the route to poverty. If we spend all our time growing our own food and fibers, making our own clothes and shelter and tools, there is no time left to accumulate the capital that improves well-being (e.g. medical care). Mere subsistence is neither pleasant nor helpful to others. Buying locally generally means paying more for the same amount of goods. But for the person living hand to mouth, wealth accumulation is the key to a better life.”
The Route to Poverty
