“What is lacking in order to make the developing countries as prosperous as the United States is only one thing: capital—and, of course, the freedom to employ it under the discipline of the market and not the discipline of the government. These nations must accumulate domestic capital, and they must make it possible for foreign capital to come into their countries. For the development of domestic saving it is necessary to mention again that domestic saving by the masses of the population presupposes a stable monetary unit. This implies the absence of any kind of inflation.”
— Economic Policy: Thoughts for Today and Tomorrow (Liberty Fund Library of the Works of Ludwig von Mises) by #LudwigvonMises
https://a.co/66FnZ2x
jon
npub1wtf…jjv2
2024-04-26 08:00:55
Author Public Key
npub1wtfnlhvhvm90lgsgyd6cu82tj3v429y7qkuu54srwzxpefppc2zq3cjjv2Published at
2024-04-26 08:00:55Event JSON
{
"id": "3ecf5bc8c8cb15e0b539a6f7d790ee838da13af1452898966c80155a358a06c8",
"pubkey": "72d33fdd9766caffa20823758e1d4b945955149e05b9ca5603708c1ca421c284",
"created_at": 1714111255,
"kind": 1,
"tags": [
[
"t",
"LudwigvonMises"
]
],
"content": "“What is lacking in order to make the developing countries as prosperous as the United States is only one thing: capital—and, of course, the freedom to employ it under the discipline of the market and not the discipline of the government. These nations must accumulate domestic capital, and they must make it possible for foreign capital to come into their countries. For the development of domestic saving it is necessary to mention again that domestic saving by the masses of the population presupposes a stable monetary unit. This implies the absence of any kind of inflation.”\n\n— Economic Policy: Thoughts for Today and Tomorrow (Liberty Fund Library of the Works of Ludwig von Mises) by #LudwigvonMises\nhttps://a.co/66FnZ2x",
"sig": "5414584feb2ddb787ea79749f08b10b3d131a1fdf1b35b3c307b47711c9bb1a3f5cd182d59c6b8349c344b693175efe616ca6c43fe438dfbf99167ff9b9adff5"
}