LESSON 5 by Ludwig von Mises - Foreign investment
In many so called "developing countries", the current policies prevent or slow down the accumulation of domestic capital AND foreign investments. France learn this the hard way when it lended 20 billions gold franc to Russia pre WW1. Some 20 years later, a rising communist Russian government declared it would not pay the debts incurred by its predecessor.
Foreign investments brings more capitals which lead to industrialization, more plants, higher wage, better condition and better living standards. But the risk of expropriation and confiscation from a government will only push away beneficial foreign capital.
Study #bitcoin. You will learn to think for yourself and have your OWN independent perspective of what make sens and what doesnt. You dont need a PhD.
#nostr #plebchain #AustrianEconomics
WhiteWolf / Chris White
npub1hx…qrd6e
2024-05-07 19:41:11
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npub1hx5tqwdxqcmmmwdmvu5elw28np5dnck0v4l7c86gzue3m8hyqy6q3qrd6ePublished at
2024-05-07 19:41:11Event JSON
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"content": "LESSON 5 by Ludwig von Mises - Foreign investment \n\nIn many so called \"developing countries\", the current policies prevent or slow down the accumulation of domestic capital AND foreign investments. France learn this the hard way when it lended 20 billions gold franc to Russia pre WW1. Some 20 years later, a rising communist Russian government declared it would not pay the debts incurred by its predecessor.\n\nForeign investments brings more capitals which lead to industrialization, more plants, higher wage, better condition and better living standards. But the risk of expropriation and confiscation from a government will only push away beneficial foreign capital.\n\n\nStudy #bitcoin. You will learn to think for yourself and have your OWN independent perspective of what make sens and what doesnt. You dont need a PhD.\n\n#nostr #plebchain #AustrianEconomics",
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