The socialist idea has many forms and flavors; however, one can observe three main paths toward socialism. They are the socialization of the means of production, wealth redistribution, and collectivization of consciousness. Different socialist movements use these three approaches to varying degrees.
Listen to the Radio Rothbard version of this article.
Keynes did not refute Say’s Law. He rejected it emotionally, but he did not advance a single tenable argument to invalidate its rationale.
- Ludwig von Mises, Planning for Freedom
Perhaps we should have listened to Friedrich Hayek, when he said that his friend Lord Keynes was not an economist. This description of Keynes by Hayek is extracted from a video interview with Leo Rosten in 1975:
In June 2014, I wrote an article called “Draghi’s Plan does not fix Europe.” In that article, I explained that the structural challenges of the eurozone — high government spending, excessive tax wedge, lack of technology leadership and demographics — were not going to be solved by a round of quantitative easing.
[This talk was delivered at the Ron Paul Institute’s Conference on Breaking Washington’s Addiction to War.]
Murray Rothbard was the creator of the modern libertarian movement and a close friend of both Ron Paul and me. His legacy was a great one, and at the Mises Institute I try every day to live up to his hopes for us.
The dull, tired, whiny Old Gray Lady has another opinion piece about America’s slavish devotion to free market orthodoxy, but this time with a slight twist: it’s economists themselves to blame for the anti-government revolution.
The Socialist Manifesto
By Bhaskar Sunkara
Publisher: Basic Books, April 2019
