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Austrian Economics Vs. CBDC, ESG, UBI, And Other Newfangled Socioeconomic Gimmicks

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Do not ignore this.


In other words, the Austrian school is uniquely positioned to point out that UBI-ism would be a singularly destructive form of communism, since classical Soviet-style communism, even though supremely wasteful, was at least committed to diligence rather than idleness. Thus, it unwittingly nourished the spirit of dedication which, when combined with the spirit of defiance, brought about its eventual collapse. However, nothing similar can be said about UBI-ism, which eliminates the spirit of defiance by promoting universal shiftlessness and indolence.

Source: Austrian Economics Vs. CBDC, ESG, UBI, And Other Newfangled Socioeconomic Gimmicks | ZeroHedge