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7/23/2025, 6:16:21 AM
>>511107517
Carl sets the foundation of capital formation and the dynamics of monetary allocation, and Mises explains the rationale further in Human Action (1949). In a sense, yes, job and labour are critical in the creation of capital, but without the entrepreneur, nothing happens. Another point, Mises emphasizes that capital is not self-sustaining; it is decaying. It must be maintained and replenished through continual saving and reinvestment in labour and fixed machinery. However, the issue arises when Khazars value immediate gratification of capital consumption rather than reinvestment (What we are seeing today in modern US society). This is what causes crony capitalism and corporatocracy. Money is increasingly more difficult to earn and maintain, which is why everything is turning to shit in muttmerica!
Carl sets the foundation of capital formation and the dynamics of monetary allocation, and Mises explains the rationale further in Human Action (1949). In a sense, yes, job and labour are critical in the creation of capital, but without the entrepreneur, nothing happens. Another point, Mises emphasizes that capital is not self-sustaining; it is decaying. It must be maintained and replenished through continual saving and reinvestment in labour and fixed machinery. However, the issue arises when Khazars value immediate gratification of capital consumption rather than reinvestment (What we are seeing today in modern US society). This is what causes crony capitalism and corporatocracy. Money is increasingly more difficult to earn and maintain, which is why everything is turning to shit in muttmerica!
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