Why Intervention Persists
Mises explains why government intervention fails yet continues on.
Mises explains why government intervention fails yet continues on.
Forget Jerome Powell's fanciful "soft landing" or the notion that the Fed can pull another rabbit from its hat. The banking system is headed for a crash and monetary authorities likely will make things worse.
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
So long as there are governments with stones ready to throw, there will be a need for someone to point out that destruction is never productive, never beneficial, and never a path to the good life that we all seek.
Not only must the war against progressivism be fought with a religious fervor, but it must also be, in Rothbard’s words, “openly and gloriously reactionary.”
Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures.
During the 1930s, the Rockefellers pushed hard for war against Japan.
The absence of market discipline in medicine cannot last. Governments and the medical cartel have successfully used fear to maintain control. Fear has kept the masses from rising up. Until now.
Antipoverty "strategies" like mandatory overtime pay, state-protected unionization, and opposition to labor-saving devices only serve to increase the cost of living for poor and rich alike.
It took centuries to end the idea that taxes kept the privileged class in comfort and financed their wars. But now we're told taxes = civilization.