Imagine you are the foreman of a factory. Inside the factory are two machines. Both machines consume materials, energy, and labor and produce the same product, perhaps cars, or toasters, or pencils...
Rudolph Kohn
Rudolph Kohn is a physicist who stumbled onto the writings of Rothbard and Mises while in graduate school. Since then, he has continued reading and has grown to admire the clear logic of Austrian economics and the love for liberty of its proponents.
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One hears this kind of thing from modern monetary theory (MMT) advocates whenever their economic theories are attacked: “We say not spending constrained,” they grumble, “We don’t mean ‘now spend’.”...
While George Orwell wrote magnificently against totalitarianism, his attempt to defend socialism in The Road to Wigan Pier stumbled badly.
