Why Marx Never Figured Out How to Distribute Goods in a Socialist Society
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Contra Marx, Mises understood that human desires and needs are not determined merely by biology.
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Contra Marx, Mises understood that human desires and needs are not determined merely by biology.
Kratom is a natural drug based on the leaves and extractions of a plant of the same name that come from Southeast Asia. It is said to treat a variety of ailments and conditions, most notably withdrawal symptoms from heroin and other addictive drugs. It is also considered a mood and energy booster and is also used recreationally.1
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Lockdowns are back on in Europe and are making a quick comeback in the US as well. Spain, the UK, Belgium, and France are back in full lockdown mode, although a multitude of restrictions on movement within each country remained in place even when full lockdowns were ended over the summer.
It is an overplayed cliché to refer to the insanity of the current year. Still, 2020 manages to surprise. It is increasingly looking like 2020 has created the greatest challenge to democratic legitimacy in the past century.
Today was a truly remarkable day in American history.
Covid-19 has unleashed a pandemic of restrictive measures on the population. Lockdowns and mask mandates are becoming widespread. Libertarians have been vociferously denouncing covid-19 containment strategies as draconian.
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Let’s clear up some misconceptions about Austrian economics.
If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods. Here are corrections: