Philipp Bagus: Europe 25 years after the fall of the iron curtain

Thanks to Xiong Yue for providing Chinese subtitles to Philipp Bagus’s 2014 talk at the European Parliament about the fall of the Berlin Wall. There are English subtitles too, which are very helpful because the EP has managed to mess up the audio in multiple places. 

Presented to the Europe of Freedom and Direct Democracy Group at the European Parliament, live streamed on November 12, 2014. 

(Although the video thumbnail is not showing, the video does work as of the time of posting.)

There’s No Political Freedom Without Economic Freedom

Can we have political liberty without first having economic freedom? Is the form of government predetermined by the form of economic organization? At first blush the opposite would seem to be self-evident, i.e., that our form of government determines all else, including our economic structure. But Mises advises otherwise. In Human Action (page 283 of the Mises Institute’s scholars’ edition), Mises explains (my emphasis):