Understanding economics helps you see history better. American workers, although only lightly unionized, were more productive than others. All high standards of living are due to free markets. Governments destroy this.
Producers really are slaves to their consumers. Destruction & Production can be called Power & Market. Technology like the printing press was initially feared. It would put scribes out of business. Technology describes each generation in our human-built world.
Stolyarov reviews Robert P. Murphy’s The Politically Incorrect Guide to the Great Depression and the New Deal (2009).
Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E. Carabini.
Pages 877-881. Narrated by Jeff Riggenbach.
