Cowen on July 25, 2011 at 6:12 am Tyler
2. Ludwig Mises on the exhuastion of the reserve fund. I first read that passage when I was fourteen years old and I was scared.
Reading the particular passage from Mr. vonMises (yes, that is the one Michelle Bachmann takes to
the beach) one finds that it starts out this way.
In the field of public finance, progressive taxation is advocated because it provides for public investment, investment that would otherwise not take place. This public investment, in education, infrastructure, national security, environmental and business regulation if done correctly produces an economic society where wealth and income rise for all. Far from detracting from the wealthy, it enhances their wealth, as one can see from the
experience from the end of World War II to the present. U. S.