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50 sats \ 0 replies \ @kepford OP 12 Apr \ parent \ on: Democracy Gets the Credit for the Benefits of Free Markets econ
Reading this book and thinking about incentives for many years changed my thinking about democracies. We rarely hear any critical thought about democracy. It is literally a sacred cow. As I said, it is far from the worst state system but it should be looked at critically for the many trade-offs. Leaches use this religious belief in this system to maintain power and steal wealth from the masses. Millions die in wars funded by these people. They have no skin in the game. They print money to no end.
Democracy: The God That Failed | Mises Institute