Source: Ludwig von Mises Institute
by Philippe Lemieux
“Modern economic policies increasingly give an impression of unreality. Governments announce reassuring indicators while individuals experience something entirely different: persistent inflation, housing shortages, stagnating purchasing power. This gap is not merely an analytical error. It reveals a deeper problem: the state no longer reacts to economic reality as it is lived, but to a reconstructed version built from models, indicators, and abstract categories. The market, by contrast, does not rely on representation. It emerges directly from human action.” 904/20/26)