05 June 2011
Transport Blog quote of the day
Patrick Crozier

Comparing socialism and capitalism:

It is necessary to compare the total costs and the total yields of both systems.  The fact that the electromobile needs no gasoline is no proof that it is cheaper to run than the gasoline-powered car.

Socialism, Ludwig von Mises p161 (in my edition).  First published in 1922.

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