Students For Liberty(@sfliberty):Warren identified the deeper problem almost a century before Ludwig von Mises and Friedrich Hayek made it famous in academic economics. When everyone owns everything, no one owns anything. When labor earns the same reward regardless of effort, effort disappears. When prices vanish, no one knows what anything is worth.

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Students For Liberty@sfliberty

2026.07.01 22:27

Warren identified the deeper problem almost a century before Ludwig von Mises and Friedrich Hayek made it famous in academic economics. When everyone owns everything, no one owns anything. When labor earns the same reward regardless of effort, effort disappears. When prices vanish, no one knows what anything is worth.