Sunday, May 11, 2014

Video: Jeff Deist on the Corruption of Economic Language

Mises Institute's President Jeff Deist explains how the mainstream corrupts English, and most importantly, the economic language.(Mises Blog)



A very relevant part is how Philippine media uses the word "sustainable" which is vogue today with reference to the Philippine economy. Mr. Deist says the implicit meaning of "sustainable" is "centralized planning" (2:18) or "Some centralized group of bureaucrats or politicians are going to decide whether some economic activities to be engaged in is permissible". Well, blowing bubbles are "sustainable"?

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