Mises Daily
Author:
Ludwig von Mises
Online Publish Date:
[February 12, 1966] Writing in 1817, David Ricardo in his Principles of Political Economy and Taxation pointed to the experience that “the fancied or real insecurity of capital, when not under the immediate control of its owner” checks the emigration of capital. Thus most men of property prefer a low rate of profit in their own country to a more