Even Marx must dimly recognize that not “material productive forces,” not even “classes,” act in the real world, but only individual consciousness and individual choice. Even in the Marxian analysis, each class, or the individuals within it, must become conscious of its “true” class interests in order to act upon pursuing or achieving them. To Marx, each individual’s thinking, his values and theories, are all determined, not by his personal self-interest, but by the interest of the class to which he supposedly belongs.

An article linked to on Drudge is reporting that the US actually considered nuking the moon to intimidate the Russians at the height of the Cold War.

Kurt Schuler at Free Banking provides a tribute to von Mises and an assessment of The Theory of Money and Credit on the centenary of its publication (1912 to 2012).

[Man, Economy, and State, with Power and Market]

Ronald Coase has a short piece in the December 2012 Harvard Business Review, “Saving Economics from the Economists” (thanks to Geoff Manne for the tip). Not bad for a fellow about to turn 102! I always learn from Coase, even when I don’t fully agree.

Mises Institute supporter and entrepreneur Bob Luddy tells Fox Business News about the adverse effects of the Affordable Health Care Act on small business owners as well as their employees and customers. This must-see video provides a great illustration of the unintended and destructive consequences of government regulation and is perfect for use in high school and college introductory economics courses.