Interventionism

Recorded at Mises University 2009.

These advocates of a "mixed economy," well meaning and sincere though they may be, fail to realize that there can be no such thing as a "mixed economy" — part capitalistic and part socialist. Production is directed either by the market or by a National Production Authority.

"The protectionists speak of trade with the contempt of feudal nobles, but on examination it appears that they have something to sell, and that they mean to denounce trade with their rivals."

"The state as an abstract entity took on bodily form and was revealed, in the world wars of the 20th century, to be an all-devouring monster."

For even if it is shown that violent video games lead to more crime, the case for government intervention is complicated by measurement issues, concerns over personal liberty and personal privacy, and the tendency for regulation to lead to ever more regulation.

"Interventionism is not an economic system, that is, it is not a method which enables people to achieve their aims. It is merely a system of procedures which disturb and eventually destroy the market economy. It hampers production and impairs satisfaction of needs. It does not make people richer; it makes people poorer."

The Obama administration pulled out the old bag of tricks and claimed that they only needed to loot the public of hundreds of billions and spend it on building up government, and then, wow, like magic, the entire economy would come back to life.

Our Enemy, the State should be in the hands, and in the minds, of the new and rising generation which is being so cleverly and so wickedly seduced by power-drunk State idolaters.

The actual solution to the problem of runaway medical costs lies in the precise opposite of the direction chosen by the Clinton plan.

The only way to guarantee extension of broadband service in an efficient way is to avoid any intervention in the market. Only the free market guarantees that all demand is satisfied, and that the price is the minimum realizable without confiscating wealth from some individuals in favor of others.