The threat of statism has reemerged in force. The federal government has seized on the economic crisis to radically expand its power—through bailouts, “stimulus” packages, a trillion-dollar health care plan, “jobs bills,” massive expansions of the money supply, and much more. But such interventionism did not suddenly materialize with the recent collapse. The dangerous trends of government growth, debt increases, encroachments on individual liberty, and attacks on the free market began years earlier and continued no matter which political party was in power.
This shift toward statism “will not end happily,” declares bestselling author Thomas E. Woods. In Back on the Road to Serfdom, Woods brings together ten top scholars to examine why the size and scope of government has exploded, and to reveal the devastating consequences of succumbing to the statist temptation.
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Tom Woods, a senior fellow of the Mises Institute, received the Hayek Lifetime Achievement Award, given in Vienna by the Hayek Institute and the Austrian Economics Center, in 2019. He is the author of 13 books, most recently Diary of a Psychosis: How Public Health Disgraced Itself During COVID Mania.
Tom hosts the Tom Woods Show, a libertarian podcast with thousands of episodes, and he created hundreds of videos in history for the Ron Paul homeschool curriculum.
It’s with the advice of Austrian economists that MAGA can avoid falling into the kinds of errors that seem to create prosperity but only set the stage for recession and thereby intensify the very problems they claim to be trying to solve.
Tom Woods offers a critical analysis of the COVID-19 policy response, while underscoring the Mises Institute’s principled opposition to prevailing narratives.
The right dismisses economics at its peril.
