The Life and Work of Ludwig von Mises
The Frederick L. Maier Lecture, recorded at Mises University 2007.
The Frederick L. Maier Lecture, recorded at Mises University 2007.
Mises’ socialist calculation argument reshaped the debate about socialism. It was not true that socialism could work and could use the same techniques as capitalism. The book Socialism had a decisive impact on Hayek and other rising economists.
Having read the above, you are now in a tiny elite of people who know anything about the greatest death camp in the history of the world that China became between 1949 and 1976, an experiment in total control unlike anything else in history.
Contrast our world with that of the political class. Here, scarcity is nonexistent. While my wife and I struggled over whether or not we could commit financial resources, the politician simply commits our resources for us. No questions asked.
Many people have sent us this article from the NYT, one that recounts h
The fact that animals can obviously not petition for their "rights" is part of their nature, and part of the reason why they are clearly not equivalent to, and do not possess the rights of, human beings.
Madison stated the historic fact: in democracy there is nothing to check the inducements to sacrifice the weaker party. There is no protection for liberty. Hence it is, that democracies always destroy personal security (the Gestapo, the concentration camps) and the rights of property (what rights of property ownership are there in Europe, now?) and are as short in their lives as they are violent in their deaths.
Fannie Mae is representative of all that's wrong with central planning institutions: it is a government-created conduit for carefully crafted financial and market socialism that the bureaucrats uphold for the purpose of propping up their fantasies for pandemic social engineering.
Frédéric Bastiat said long ago what still rings true today: "Government is the great fiction through which everybody endeavors to live at the expense of everybody else."