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NeoNotes — Economics and Trump

It's not about how much money government has, it's about how much money government takes from people.

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What we obtain too cheap

What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as freedom should not be highly rated.
     — Thomas Paine
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☆ Other people's property

People look for better value if it's their own money at stake.

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Worthless

Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
     — Ludwig von Mises

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Value is not intrinsic

Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.
     — Ludwig von Mises

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