Other Schools of Thought

From Economic Calculation In The Socialist Commonwealth.

Government and its henchmen are anxious to relegate into oblivion the fact that this rise is produced by an increase in the amount of money and money substitutes. They never mention this increase.

This audio essay is narrated by Gennady Stolyarov, II.

Capitalism is an economic system that allows people to make choices free from government intervention. Capitalism is just. Socialism is unjust. There is no "messy middle."

Americans enjoy too much economic freedom. The natural solution, therefore, is to strip them of their freedom with higher taxes, more regulations, and greater regimentation of their lives.

"Suppose that the United States wishes to pursue a policy of nonintervention. Unless attacked, we will not resort to military measures; and, as Washington and Jefferson advised, we will avoid entanglements in foreign quarrels."

"On the whole, removing the power of the state from economics has improved the lives of former communist citizens."

To avoid such economic crises and such unjustifiable redistribution of income from the many to the few, one has to end the legal interference that has created the present system.

Public buildings in the United States are islands of socialism in a sea of free enterprise, so the materials and workers are there.

We can see the strength of the case for economic freedom even more clearly through proper economic theorizing. Free-market economists like Friedrich Hayek and Ludwig von Mises arrived at the proper conclusions regarding socialism and interventionism long before the evidence on modern state planning was in.