Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism.
A surprising range of news and opinion outlets have memorialized a string of anniversaries related to the Great War over the last few months: the a
Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right.
Berlin provides us with an example that comes as close to that of a controlled social experiment as one could probably hope to get.
“History has been rather kind to the American voter.”
Historian Hunt Tooley examines the turning points in how the world sees the Great War.
Venezuela is one of the most economically unfree countries in the world, and it has one of the highest crime rates in the world. Unfortunately, President Maduro thinks he can fix the problem by making the country even less free than it is now.
After 1910, Germany increasingly relied on fiat money to pay the bills. It wasn't just the Treaty of Versailles that eventually led to hyperinflation, but an all-too-common policy of turning to inflationary monetary policy.
