Mises Daily
Author:
Thorsten Polleit
Online Publish Date:
In the preface of The Theory of Money and Credit , Ludwig von Mises wrote: “No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempts to remedy a present ill by sowing the seeds of a much