The Club For Growth takes note of this funny speech by Rep. Barney Frank (socialist!), in which he says: “Mr. Chairman, I am here to confess my reading incomprehension. I have listened to many of my conservative friends talk about the wonders of the free market, of the importance of letting the consumers make their best choices, of keeping government out of economic activity, of the virtues of free trade, but then I look at various agricultural programs like this one. Now, it violates every principle of free market economics known to man and two or three not yet discovered. So I have been forced to conclude that in all of those great free market texts by Ludwig von Mises, Friedrich Hayek and all the others that there is a footnote that says, by the way, none of this applies to agriculture.” (Thanks Greg.Bacon@gmail.com)
Also, Steve Hanke writing in the Wall Street Journal quotes Mises (he is a blog reprint): : “In addition, I repeated the great Austrian economist Ludwig von Mises’s argument that sound money ‘was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights.’” Finally, National Review quotes Mises on the housing bubble question.
