Friday, May 9, 2008

Free Market Economist Mises in Indian Parliaments by Chandra

This idea was once brilliantly explained by Mises but now the Indian Politician Sharad Joshi explains the food crisis in India.

“This country enjoys the highest standard of living ever known in history because for several generations no attempts were made toward “equalization” and “redistribution.” Inequality of wealth and incomes is the cause of the masses’ well-being, not the cause of anybody’s distress. Where there is a “lower degree of inequality,” there is necessarily a lower standard of living of the masses”.

The below lines is from Sharad Joshi
“It is an old observation in economics that with increasing incomes the standards of nourishment rise”.

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