Sunday, November 28, 2010

General Motors propaganda on socializing economic losses

"We all fall down"?  What an apt non sequitur for the corporatist age we live in. 

Mises taught us:

Profit tells the entrepreneur that the consumers approve of his ventures; loss, that they disapprove.
Human Action: A Treatise on Economics (1949); reprinted as the Scholar's Edition (Auburn: Ludwig von Mises Institute, 1998 and 2008) 701; online editions here (courtesy of

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