I took a Mises University class with you a few years ago. The topic of economic predictions came up and you mentioned that you did not believe that there would be any significant "collapse" of the current economic system (such as hyperinflation).
You argued that the private economy would continue to be so productive and so innovative that it would continue to support the ever-growing state. You said we would not experience a significant decrease in our standard of living caused by the socialist economy.
Do you still hold to these predictions? Can you elaborate on your explanation?
GoldenHamster7 karma
I took a Mises University class with you a few years ago. The topic of economic predictions came up and you mentioned that you did not believe that there would be any significant "collapse" of the current economic system (such as hyperinflation).
You argued that the private economy would continue to be so productive and so innovative that it would continue to support the ever-growing state. You said we would not experience a significant decrease in our standard of living caused by the socialist economy.
Do you still hold to these predictions? Can you elaborate on your explanation?
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