Deliberately Misplaced Blame
Central economic planning and laissez-faire capitalism are completely incompatible concepts — by definition.
Central economic planning and laissez-faire capitalism are completely incompatible concepts — by definition.
The Mises Circle in Colorado, sponsored by the Limited Government Forum of Colorado Springs, 4 April 2009.
Ultimately, then, the effects of Earth Hour boil down to dim rhetoric. Maybe as much attention should be placed on humanity's hot air footprint as its carbon one.
Given how many Keynesian economists predicted a return to depression conditions when World War II spending came to an end, and that what we instead got was the single most robust year the private economy has ever seen, isn't it a little strange that not one of these economists went back and reexamined his premises?
The Austrian arguments, to repeat, are deductive. They are not statistical.
From the standpoint of both politics and history, this proof [of the "impossibility" of socialist planning] is certainly the most important discovery by economic theory.
If we, continuing to view ourselves in a hegemonic role, act to thwart these assertions of national ambition, we risk hostility and war.
Unfortunately Obama's Road to Serfdom is not fiction and no laughing matter.
"If there is any hope for our economic future, we must come to a sound understanding of what got us here."