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1、TheCaseforLegalizingCapitalismTheCaseforLegalizingCapitalismKelKelly©2010bytheLudwigvonMisesInstituteandpublishedundertheCreativeCommonsAttributionLicense3.0.http://creativecommons.org/licenses/by/3.0/LudwigvonMisesInstitute518WestMagnoliaAvenueAuburn,Alabama36832mises.orgISBN:978-1-933550
2、-62-6Thebookisdedicatedtothehandfulofpeopleintheworldwhotrulyhonormorality,principles,andethics,consistently,regardlessofpersonalagendas.PrefaceFIRSTBEGANtolearnabouteconomicsincollegeandfromIreadingandstudyingthetopicsubsequentlyonmyown.Asmystudiesprogressed,IthoughtIwasonthepathtolearn-i
3、nghowtheworldworked.Butoneday,whilesittingatacaféinParis(whereIwasdoinggraduatework),thebookIwasreadingintroducedmetothegreateconomistLudwigvonMisesandtheso-calledAustrianschool,whichI—likemostpeople—hadprevi-ouslyneverheardof.1Afterstudyingfree-marketeconomics,Ibegantounder-standhowthewor
4、ldreallyworked,andlearnedthatallotherexplanationsofeconomicscouldeasilybeprovenincorrect.Isoonbegantounderstandhowournation’seconomicpoliciesinfactactuallyharmus.IlearnedthattheeconomicconceptsthatI,likeeveryoneelse,hadalwaysthoughtstraightforwardandobvious,werecompletelyoppositefromwhatwe
5、allsimplytookonfaith.Ithoughtthatpricecontrols,wealthredistribution,andgovernmentregulationhelpedandprotectedpeople.Ihadnoideathatthesethingsactuallyharmedthoseitwasintendedtohelp.Ifurtherassumedthateconomicprogresswasanaturalphenomenon:Ididn’tunderstandthatforoverthetensofthou-sandsofcent
6、uriesthatmanhadexisted,improvingstandardsoflivinghadoccurredonlyduringahandfulofthose,andnotatallconsecutively.Moreover,Ididn’tknowthatitwaspossibleforustoceaseprogressing,atanytime,andactuallytolosealloftheeconomicgainswehaveachieved.AsIbegantolearntrueeconomiccauseandeffect,Ireal-izedtha
7、talmosteverythingourgovernmentdoesworksagainstus,andthatpeopleunknowinglyvoteforpoliciesthatmake1 ThebookwasTraderVicII:PrinciplesofProfessionalSpeculation,byVictorSperandeo.78TheCaseforLegalizingCapitalismthemworseoff,notbetteroff,becausethey,too,falselyassum
