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RE: Happy birthday, Ludwig von Mises! - a quote to celebrate the 135th anniversary of his birth
that's a really nice quote. however the pennies around the world aren't distributed fairly so that everyone has the same voting power.. is this democratic? i don't know...
I agree that not every penny is fairly distributed now. But when Mises talks about the capitalist system of production, he means the free market capitalism, not so called crony capitalism (with government privilege and intervention) we see around the world now.