Other Schools of Thought

In conclusion, Paul Krugman reverses cause and effect in his analysis, and he also fails to note the difference between private and government expenditures.

"As Mises again and again pointed out, capitalism is a system of mass production for the masses. But of course our great philosopher cannot be bothered to read Mises."

All of these things deny the true desires of people — as revealed in market prices — and substitute the opinions of the elite and politically-powerful for the true desires of people.

Sponsored by the Mises Institute and held in Atlanta, Georgia; 26-27 September 1997.

Sponsored by the Mises Institute and held in Atlanta, Georgia; 26-27 September 1997.

"When the government runs up a deficit to fund 'stimulus' projects, all that really means is that it is forcing taxpayers to pay for projects that they wouldn't buy with their own money."

Sponsored by the Mises Institute and held in Harvard Square, Massachusetts; April 28-29, 1989.

Sponsored by the Mises Institute and held in Harvard Square, Massachusetts; April 28-29, 1989.

Sponsored by the Mises Institute and held in Harvard Square, Massachusetts; April 28-29, 1989.

We find ourselves enormously worse off, our economic prospects diminished greatly, and our liberties throttled more tightly by an even bigger Leviathan, with nothing to show for it on the upside but the further enrichment of a handful of big bankers and other malefactors of great wealth and power.