Antecdotes: The Sack of Corn, The House, the Plane
2024-04-16
How is wealth created? How should it be divided amongst the people? What services should government provide? Same questions we are asking now.
How is wealth created? How should it be divided amongst the people? What services should government provide? Same questions we are asking now. This essay addresses the popular fallacy of the day that Capital should be available to all gratuitiously, without necessity of paying back loans, and looking upon any form of interest as Usury. Bastiat argued that capital is created by savings, and savings are what makes borrowing possible so the common man can get ahead and prosper, and lending is only worth the risk if the lender profits by it, via interest
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