Why didn’t minds like this make their way into our universities? Instead, we got all the asshats from the Frankfurt School. I don’t think we will ever recover.
Defining “just” distribution is always the challenge and why socialism fails every time it is tried.
ping
Mises should get a posthumous Nobel in economics. One can dream.
What I find interesting is that when this book was originally written in 1932, socialism was still being justified because it would make the economy run better. Now it is justified because it would make society more “just”. Of course what goes unsaid is that the socialist elites expect to have the monopoly power on defining what is just and what is not. This is how they were forced to shift their message in light of the horrible destruction of life and property over the decades in the Soviet Union, Cambodia, The People’s Republic of China, North Korea, all of which at one time or another attempted to achieve the perfect Marxist economies.
But this river of blood and tears has not stopped people like those at the head of the (D) party (and sadly many at the head of the (R) party too) from doing all they could to advance the socialist mindset here.
When you quote Mises or Hayek at a leftist, he/she will run for the garlic, a mirror and a stake. Those are the only economists the left actually dreads and fears: Their writings cause the left both traumatizing public embarrassment and painful cognitive dissonance in the privacy of their heads.
Good stuff, thanks for sharing!
This helps explain why leftists are unwilling to condemn jihadis: they are both dedicated to destructionism and regress. They both operate by the motive of raw power.
Lord Acton said that "liberty is the delicate fruit of a mature civilization." These groups are dedicated to consuming the fruit, cutting off the branches, and stunting civilization.
Don't get me started.
“A HARD rain is gonna fall”... actually is already falling..
https://www.youtube.com/watch?v=y4sMSSm0x2A
Along with capital decumulation,which leads to economic stagnation or regression,which leads to progressive impoverishment,a policy of government control over production and distribution is destructive, also, because it leads to economic chaos,a system of forced labor for some,aristocratic privilege for others,the necessity of terror, force, and brutality,and totalitarian tyranny.
I do too. It is a masterpiece. I have most of Mises works. Human Action is another masterpiece, although a difficult read.
Bureacracy is another great read -- a small book.
It is also a cover for Tyranny...imho.
Small correction: The German original was first published in 1922, not 1932.
Mises is life changing. <3
You can even show this to your kids, and they will see where things are heading
The Road to Serfdom
https://www.youtube.com/watch?v=0QD75lUm51s
What a great description of the Republican party.
Hayek called it the “Fatal Conceit”.
Bttt