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Good economics teaches that scarcity can be reduced. Bad economics teaches that scarcity can be eliminated. In other words, good economics tries to harness the logic of human action, while bad economics tries to ignore it.
Entrepreneurship is the art of turning strangers into collaborators. Politics is the art of turning neighbors into enemies.
Commerce is an attempt to overcome barbarism. Politics is an attempt to sugarcoat barbarism.
Bad economics teaches that without the state, monopolies would destroy the market. Good economics teaches that without the state, the market would destroy monopolies.
Know Thyself | Everything Voluntary✌️ | Follow the Tao