How to Make the Poorest of the Poor Even Poorer
July 10, 2015
Just follow the advice of the Argentinian Marxist/Jesuit (sorry for the redundancy) known as “the pope.” His latest display of grotesque economic ignorance is to go to South America and tell the poor people there that markets, entrepreneurship, and private sector economic development in general are “the dung of the devil.” This of course is exactly the opposite of the truth. It is the policies that he favors — socialist central planning under the guise of environmentalism and welfare statism — that turn every economy into crap.
Dr. Thomas DiLorenzo [send him mail] is president of the Mises Institute. He is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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