monikaco on Nostr: “Any spending performed by the government must be financed by money taken from ...

“Any spending performed by the government must be financed by money taken from productive members of the market economy at the cost of their own spending. Individuals direct their spending to meet their needs best.

Coercively taxing their income to spend the money on other uses cannot increase their well-being, as they would have chosen to spend that money elsewhere themselves. No government spending can be seen as voluntary as long as inflation and taxation are not voluntary. Thus, government spending is best understood as consumption spending for the people in government institutions; it is not an investment.”

Principles of Economics chapter 16
Violence
saifedean (npub1gdu…6nak)
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