mercury14
Pragmatic Metaphysician
- Joined
- Jul 8, 2009
- Posts
- 22,158
Yes.
But you will not understand why.
When government takes capital, either future or present, and spends it then it is more likely destroyed and unavailable for private sector expansion.
You see a failed factory built while I see a long-term and successful factory not built do to the positive interference of government (referencing Say, Bastiat and von Humboldt, you know, books...).
When government takes capital and spends it, it is not destroyed or unavailable for private sector expansion.
Moreover, you wrongly assume that profit was going for expansion. But as this age of high profits and low expansion proves, that's clearly not necessarily the case.
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