Interventionism

Discipline after discipline has been invaded by an arrogant band of hermeneuticians, and now even economics is under assault.

"The worst failures of money, the worst things done to money, were not done by criminals but by governments."

The only permanent way to cure poverty is to increase the earning power and productivity of the poor.

In a special live seminar, Jeff Deist and Bob Murphy discuss Mises's views on interventionism and their continued relevance today, particularly after the last year and a half of economic intervention resulting from covid tyranny.

The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another. 

Although right-wing political operatives latched on to cost-benefit analysis in the name of controlling regulation, the tool has, in many cases, promoted the expansion of state power. 

All the teachings and precepts of ethics presuppose the moral autonomy of the individual and therefore appeal to the individual's conscience.

Just as Mises warned, interventionism succeeded where communism failed, successfully toppling governments around the world that never had true respect for property rights.

The Roman Empire crumbled to dust because it lacked the spirit of liberalism and free enterprise.