Ludwig von Mises - Government cannot create jobs

Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation.

- Ludwig von Mises - Topics: Debt, Government, Monetary Policy, Tax.

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