Socialists contend that Argentina's economic woes were caused by too much "neoliberalism." Yet not even Argentina's alleged neoliberal president Macri did anything to implement any significant reforms in the direction of free markets.
It's hard to see how burning subway cars and torching businesses will reduce inequality in Chile. But the protestors there claim their violence is justified by the fact some people are richer than others.
Economists Robert Shiller and George Akerlof would have us believe that the market sells us things we don’t really want. That’s not true, but even if it were, the proposed solution — government — is even less likely to give us what we want.
Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right, writes Iván Carrino. This audio Mises Daily is narrated by Dianna...