Free Markets

Bob and Warren Mosler discuss the assumptions behind Modern Monetary Theory and its implications for economic policy.

Thanks to entrepreneurs, markets are dynamic and constantly expanding. Attempts by governments to manage prices through the bureaucracy are sure to hinder this dynamism and drive to serve customers.

The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.

Equalization of incomes can be accomplished only by moving down the road toward serfdom.

States love wars because they enable the state, under the slogans of "defense" and "emergency," to impose a tyranny upon the public that might have been openly resisted in time of peace.

Without government stats, the state would be crippled in justifying its interventionism. If the government received no railroad statistics, for example, how in the world could it even start to regulate railroad rates, finances, and other affairs?

Dr. Shawn Ritenour joins the Human Action Podcast to discuss Mises's monumental work on Socialism. 

The fact that men are born unequal in regard to physical and mental capacities cannot be argued away.

Besides national defense, no government-provided service enjoys as much exemption from scrutiny as the provision and subsidization of primary public education.