Tuesday, March 25, 2014

achievement of the best and most abundant satisfaction of wants at the smallest cost.

   I’m back

Ludwig von Mises in 1919 wrote that “The highest goal of all economic activity is the achievement of the best and most abundant satisfaction of wants at the smallest cost.”  Are you thinking Dollar Tree - an example of productivity in the free market?  Then contrast the numerical superiority of the producer over the consumer with a comment today by a Philadelphian writing a letter to the editor.   S. Levin says  ...” the majority of Americans ...voted for President Obama twice ... ( and ) continue to support his political philosophy of focusing inward for the purpose of spreading the wealth. .”  Are you thinking that to be a liberal means blinding oneself to common sense and the removal of free exchange of goods and ideas?

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