"The fact that cash enables black market transactions is one of its greatest benefits to the poor and undercapitalized. The poor cannot afford to navigate regulatory thickets installed by bored bureaucrats on behalf of the powerful. The choice, then, is to set up an informal, cash-based business, or none at all. Recent debates over Uber’s taxi-services or Mom-and-Pop hair braiding remind us of the never-ending roadblocks placed in the way of entrepreneurs, and especially small entrepreneurs, by government. Indeed, without government who would harass small business? Government definitely built that."
Read more at Mises.org.
No comments:
Post a Comment