Tags Big GovernmentHealthInterventionism
In Human Action Ludwig von Mises wrote, “corruption is a regular effect of interventionism.” As Peter Klein highlighted this week, we’ve seen a perfect illustration of that with continuing scandal plaguing Hillary Clinton involving the Clinton Foundation, and the speaking fees she received from Wall Street banks and other powerful companies. The larger government becomes, the more important it is to it have on your side. It’s why EpiPen enjoys the benefit of having so few competitors, and it’s why even fantasy football has had to invest millions in their own army of lobbyists. All the unfortunate consequences of a nation, founded in liberty, devolving into an fascist state.
On Mises Weekends, Dr. Tom DiLorenzo has a fantastic new book out entitled The Problem with Socialism, and his talk summarizing it was a great hit recently at Mises University. This is Tom at his best: witty and provocative, but always bravely revisionist when it comes to skewering sacred cows like welfare, minimum wage, and progressive income taxes. His book — and this talk — are a must for anyone who wants a concise and easy refutation of the enduring myths surrounding socialism.
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And in case you missed any of them, here are the articles featured this week on the Mises Wire:
The Mises Institute works to advance the Austrian school of economics and the Misesian tradition, and defends the market economy, private property, sound money, and peaceful international relations, while opposing state intervention.