Government Spending and Jobs – Ludwig von Mises Quote

„Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.“

Ludwig von MisesLudwig von Mises explains why government spending does not create additional jobs but only redistributes them.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This statement by Ludwig von Mises reflects the theory that government spending does not create additional jobs but merely redistributes them.


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Ludwig von Mises quote about government spending and job creation

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

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