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tl;dr Free people equals growth. Property rights are critical. Although i think he draws the wrong conclusion from hoarding currency. His scenario only happen
by jnordwick 11y ago
tl;dr
Free people equals growth. Property rights are critical.
Although i think he draws the wrong conclusion from hoarding currency. His scenario only happens during massive deflation when money outstrips goods in terms of value.
- lkrubner 11y ago"Free people equals growth. Property rights are critical." Most of human history proves this false. For thousands of years, the biggest economies were the biggest slave economies. If you want to, you can cherry-pick a small handful of countries, and then cherry-pick a small number of decades from their history, and then conclude that freedom equals growth. But you'd be deluding yourself with your cherry-picked data.