“The economist must deal with doctrines, and not with
men. It is for him to critique errant doctrine; it is not his charge to uncover
the personal motives behind heterodoxy. The economist must face his opponents
under the fictitious assumption that they are guided by objective considerations
alone. It is irrelevant whether the advocate of a false notion acts in good or
bad faith; what matters is if the stated notion is true or false.”
–Ludwig von Mises, Memoirs
Yet the ego-driven interventionists cannot possibly comprehend the infinite dynamics captured within the market process and so he or she are bound to error. Arbitrariness is flawed. In other words, this method of the ego-driven interventionist is destined to pervert the system of social cooperation regardless of the personal motivations behind their ego-driven interpretations.
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1 comment:
State interventionism is another another acronym for fascism. This country has become an empire seeker. It is becoming just like Cuba under Castro. The only way to do away with this is to promote Free Trade with no government regulation which promotes wealth not only for us but for countries. Countries like Costa Rica have not intervened in any country. Or for that matter Belize. How about Chile? Thisd is proff time and time again that free trade with no government interference and secure property rights is what raises the standard of living in each of these countries
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