How German Media Became The PR Arm Of The Expanding State Submitted by Thomas Kolbe How does economic growth emerge? Let us turn to Ludwig von Mises, one of the defining economists of the 20th century – and paraphrase his idea: growth arises where private capital is guided in a free market by an undistorted price system. Prices signal scarcity and direct scarce resources to where they generate real value. When this system is distorted by ideological intervention, capital is misallocated – potential growth simply evaporates. That is the theory. And there is no doubt that the reality of emerging… — Continue at ZeroHedge News : Read More
