re: National Socio-Economic Security Need for Encryption Technology
Perry Metzger wrote:
Bart Croughs writes:
But there is another axiom of economics which the nationalist/socialist can use for his case against the free movement of capital. This axiom states that the wages of workers depend on the amount of capital invested. The more capital invested, the higher the wages are.
This must be some new axiom of economics that I had not heard of.
It's not a sin to be ignorant, but to boast about it... I recommend you read the great libertarian /austrian economists: Murray Rothbard, Henry Hazlitt, etc. Bart Croughs
Bart Croughs writes:
Perry Metzger wrote:
Bart Croughs writes:
But there is another axiom of economics which the nationalist/socialist can use for his case against the free movement of capital. This axiom states that the wages of workers depend on the amount of capital invested. The more capital invested, the higher the wages are.
This must be some new axiom of economics that I had not heard of.
It's not a sin to be ignorant, but to boast about it... I recommend you read the great libertarian /austrian economists: Murray Rothbard, Henry Hazlitt, etc.
Perhaps I should start being more vicious when I'm using sarcasm. Nowhere in the writings of any Austrian economist will you find anything claiming that the wages for a given job are linked to capital investment by the employer. Perry
participants (2)
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Bart Croughs -
Perry E. Metzger