Governments love to point to stuff they built with your tax dollars. But they never point to all the destroyed wealth and lost opportunities that result from those same programs and policies.
Booms and Busts
Whiskey production depends on investment in highly specific capital, and it requires a long time horizon. It's a textbook case of the sort of industry that's likely to suffer most in case of an economic bust.
Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful.
Income can never be equal. Income must be considered, of course, in real and not in money terms; otherwise there would be no true equality.
Labor and WagesU.S. HistoryWorld History
Slavery was a monstrously unfair and immoral institution. It was also inefficient, compared to a system based on free labor.
Bureaucracy and Regulation
Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.
Mises states, quite rightly, that anyone who advocates governmental dictation over one area of individual consumption must logically come to advocate complete dictation over all choices.