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An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole system of interventionism collapses when the fountain is drained off: The Santa Clause principle liquidates itself.

Ludwig von Mises

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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Existence
Collapse
Collapses
Forever
Fund
Clause
Point
Principle
Squeezed
Social
Essential
Clauses
Whole
Essentials
Inexhaustible
Principles
Drained
Philosophy
Santa
System
Fountain
Interventionism

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The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines they are, on the contrary, the inescapable result of a consistent application of these doctrines.
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The issue is always the same: the government or the market. There is no third solution.
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Nobody is in a position to decree what should make a fellow man happier.
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Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.
Ludwig von Mises