“A famous, very often quoted phrase says: "That government is best, which governs least." I do not believe this to be a correct description of of the functions of a good government. Government ought to do all the things for which it is needed and for which it is established. Government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies. These are the functions of government within a free system, within the system of the market economy.”
Quote by Ludwig von Mises
Work
Economic Policy: Thoughts for Today and Tomorrow
This book delves into the complexities of economic policy, analyzing its impact on current economic conditions and forecasting potential outcomes for the future. more
Author
Ludwig von Mises
Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more
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Source: Economic Policy: Thoughts for Today and Tomorrow
Source: Economic Policy: Thoughts for Today and Tomorrow
Source: Economic Policy: Thoughts for Today and Tomorrow
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