Utopia, you are standing in it!
Ludwig Von Mises worked as an economic-policy advisor to the Vienna Chamber of Commerce from 1909 to 1934. As Richard Ebeling notes:
What comes out from reading Mises’s policy writings from this period of his European career is that if you had asked him a fiscal, or monetary, or regulatory-policy question in the context of his role as analyst at the Chamber of Commerce, he would not have said, and did not simply say, “laissez-faire” — abolish the central bank, deregulate the economy, and eliminate taxes.
Mises accepted the context of which his policy options must be worked out. Ebeling went on to note that Mises seemed to think in three policy horizons:
- The most optimal institutional and policy arrangements in society for the fostering of the classical-liberal ideal of freedom and prosperity, based on the knowledge that he thought sound economic theory could provide;
- the actual circumstances of the…
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