Austrian economist Carl Menger (1840-1921), founder of the Austrian School of economics, gave us a definition of the “transformation” underway in today’s America.
“It may well appear deplorable to a lover of mankind that possessions of capital or a piece of land often provides the owner of a higher income for a given period of time than the income received by a laborer for the most strenuous activity during the same period. Yet the cause of
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