Nearly 60 years ago, Ludwig von Mises wrote in Human Action:
In many countries interventionism has so undermined the supremacy of the market that it is more advantageous for a businessman to rely upon the aid of those in political office than upon the best satisfaction of the needs of the consumers.
Though he names no names in that passage, it’s unlikely Mises was pointing to the United States. Still, his words reminded me of North Carolina’s ongoing incentives debate.
