Economics

[E]conomic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool is values; the bureaucrat’s tool is fear. – AYN RAND

Ludwig von Mises: Defender of Capitalism

Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.

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