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Mardi 10 Décembre 2013

The Financial Year Links | Today’s Wealth Destruction Is Hidden by Government Debt


Mises.org



Still unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been squandered in welfare spending, bailing out banks or even — as in Europe — of fellow governments. But many people still do not feel the pain.

However, malinvestments have destroyed an immense amount of real wealth. Government spending for welfare programs and military ventures has caused increasing public debts and deficits in the Western world. These debts will never be paid back in real terms...

Continue reading:
mises.org/daily/6593/Todays-Wealth-Destruction-Is-Hidden-by-Government-Debt


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