re: National Socio-Economic Security Need for Encryption Technology

Perry Metzger wrote:

>Bart Croughs writes:
>> 	 But there is another axiom of economics which the
>>nationalist/socialist can use for his case against the free movement of
>> capital. This axiom states that the wages of workers depend on the
>> amount of capital invested. The more capital invested, the higher the
>> wages are.

>This must be some new axiom of economics that I had not heard of.

It's not a sin to be ignorant, but to boast about it...
I recommend you read the great libertarian /austrian economists: Murray Rothbard, Henry Hazlitt, etc.


Bart Croughs

Bart Croughs writes:
> Perry Metzger wrote:
> 
> >Bart Croughs writes:
> >> 	 But there is another axiom of economics which the
> >>nationalist/socialist can use for his case against the free movement of
> >> capital. This axiom states that the wages of workers depend on the
> >> amount of capital invested. The more capital invested, the higher the
> >> wages are.
> 
> >This must be some new axiom of economics that I had not heard of.
> 
> It's not a sin to be ignorant, but to boast about it...  I recommend
> you read the great libertarian /austrian economists: Murray
> Rothbard, Henry Hazlitt, etc.

Perhaps I should start being more vicious when I'm using sarcasm.

Nowhere in the writings of any Austrian economist will you find anything
claiming that the wages for a given job are linked to capital
investment by the employer.

Perry