Ludwig von Mises - All varieties of the producers' policy are advocated on the...

All varieties of the producers' policy are advocated on the ground of their alleged ability to raise the party members' standard of living. Protectionism and economic self-sufficiency, labor union pressure and compulsion, labor legislation, minimum wage rates, public spending, credit expansion, subsidies, and other makeshifts are always recommended by their advocates as the most suitable or the only means to increase the real income of the people for whose votes they canvass. Every contemporary statesman or politician invariably tells his voters: My program will make you as affluent as conditions may permit, while my adversaries' program will bring you want and misery.

Ludwig von Mises

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Ludwig von Mises Quotes

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All varieties of the producers' policy are advocated on the ground of their alleged ability to raise the party members' standard of living. Protectionism and economic self-sufficiency, labor union pressure and compulsion, labor legislation, minimum wage rates, public spending, credit expansion, subsidies, and other makeshifts are always recommended by their advocates as the most suitable or the only means to increase the real income of the people for whose votes they canvass. Every contemporary statesman or politician invariably tells his voters: My program will make you as affluent as conditions may permit, while my adversaries' program will bring you want and misery. Ludwig von Mises

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Keywords

varieties producers' policy advocated ground alleged ability raise party members' standard living protectionism economic -sufficiency labor union pressure compulsion legislation minimum wage rates public spending credit expansion subsidies makeshifts recommended advocates suitable means increase real income people votes canvass contemporary statesman politician invariably tells voters program make affluent conditions permit adversaries' bring misery

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