Other Schools of Thought

The people of the USSR rightly considered Gorbachev to be just another Communist Party hack. His "reforms" were only expedient measures designed to preserve communism. 

"As long as pseudophilosophies retain their undeserved prestige, the average intellectual will go on blaming capitalism for all the disastrous effects of anticapitalist schemes and devices."

"All of Keynesian thinking is a tissue of distortions, fallacies, and drastically unrealistic assumptions."

Only by repealing the Sixteenth Amendment can freedom from an interventionist government be restored to the American people.

"The commonly accepted theory that Fascism originated in the conspiracy of the great industrialists to capture the state will not hold. It originated on the Left."

Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2022.

Lucas Engelhardt summarizes the basics of MMT.

Good theory leads to better statistics and better predictions.

Socialism does not build, it destroys.

Socialism arose as an international working-class movement, but the nationalist has met more success: "Proletarians of all countries, don't come to my country and take my job away from me!"