Other Schools of Thought

At the heart of fascism lies state control of the economy. Mises found this in Nazism, and, it is prevalent in America today.

Voltaire once said, “Paper money eventually returns to its intrinsic value — zero.”

Venezuela illustrates Mises’s argument that economic intervention, if unchecked, leads to socialism.
 

A few days after the victory of Cristina Fernandez de Kirchner in Argentina the government imposed foreign exchange controls.

The Obama administration inserted language into the 2012 fiscal cliff bill that enabled GE to avoid paying much federal income tax.

The snags with healthcare.gov are merely a sideshow; the true problems with ObamaCare run much deeper than a malfunctioning website.

The government’s relationship with Monsanto is a prime example of crony capitalism.

The Keynesian promise of prosperity springing from massive government spending is attractive to politicians, economists, and public intellectuals.

The state rarely misses an opportunity to use crisis to its advantage and crony capitalism has become one of the largest benefactors of government fixes.

By late 2010, inflation-adjusted income in Iceland was down over 35 percent.  Inflating one’s currency may give the appearance of recovery, but the truth is somewhat less rosy.