George Reisman - Reducing Poverty by Reducing Government
Dr. George Reisman has written an excellent article
today on how to put an end to poverty by reducing government regulation. Here's a sumptuous tidbit:
The enemies of capitalism and economic freedom shed crocodile tears over poverty. Their policies do not alleviate it but worsen it. They deprive many workers of the very possibility of working, and when those workers are permitted to work, compel them to be confronted with the needless competition of other workers driven from other lines of work by the same kind of policies. And they compel all workers, especially the poorest, to pay needlessly higher prices: all are compelled to pay higher prices insofar as the productivity of labor is held down; and the poorest in particular are compelled to pay higher prices as the result of the same monopolistic privileges that drive their wages down.
POSTED BY THE GENERAL AT 5:34 PM