Mises Daily
Author:
Ludwig von Mises
Online Publish Date:
they stole the good old name of liberalism and began to call their own tenets and policies liberal. In this country the term “liberalism” is nowadays more often than not used as a synonym for communism. The semantic innovation which the Socialists and interventionists thus inaugurated left the they will in this sense follow them. If these two propositions be made out, the policy of laissez faire . . . follows with scientific rigour. Cairnes is disposed to