Government Planning Doesn’t Fix Economies

Tags: Austrian Economics Overview, Politics

03/24/2026 Ryan McMaken

Hayek and Mises warned that centrally planned economies fail, and that intervention breeds inflation, instability, and boom-bust cycles. Yet socialism is trendy again, and politicians still think they can “manage” the economy. Ryan McMaken joins John Stossel to explain why Hayek and Mises matter now.

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