Author: Murray Rothbard
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Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.
There is one good thing about Marx: he was not a Keynesian.
Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.
Governmental subsidy systems promote inefficiency in production and efficiency in coercion and subservience, while penalizing efficiency in production and inefficiency in predation.
Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.
All government operation is wasteful, inefficient, and serves the bureaucrat rather than the consumer.
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