In Human Action Ludwig von Mises wrote, “corruption is a regular effect of interventionism.” As Peter Klein highlighted this week, we’ve seen a perfect illustration of that with continuing scandal plaguing Hillary Clinton involving the Clinton Foundation, and the speaking fees she received from Wall Street banks and other powerful companies. The larger government becomes, the more important it is to it have on your side. It’s why EpiPen enjoys the benefit of having so few competitors, and it’s why even fantasy football has had to invest millions in their own army of lobbyists. All the unfortunate consequences of a nation, founded in liberty, devolving into an fascist state.
On Mises Weekends, Dr. Tom DiLorenzo has a fantastic new book out entitled The Problem with Socialism, and his talk summarizing it was a great hit recently at Mises University. This is Tom at his best: witty and provocative, but always bravely revisionist when it comes to skewering sacred cows like welfare, minimum wage, and progressive income taxes. His book — and this talk — are a must for anyone who wants a concise and easy refutation of the enduring myths surrounding socialism.
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And in case you missed any of them, here are the articles featured this week on the Mises Wire:
- Reality Gets in the Way: The Trouble with Demand Curves by Frank Shostak
- The Eight Marks of Fascist Policy by Llewellyn H. Rockwell Jr.
- Clinton’s Pay-to-Play Is the Natural Consequence of Big Government by Peter G. Klein
- How Central Banks Are Bleeding the Middle Class Dry by Rodion Giniyatullin and Vincent Steinberg
- Millennials Love Free Markets, But Don’t Understand Them by Brittany Hunter
- The US National Debt Load is Second-Worst in the World by Ryan McMaken
- Fantasy Football: The Beauty of Capitalism and the Dangers of Government by Tho Bishop
- The Lack of EpiPen Competitors is the FDA’s Fault by Jonathan Newman
- Mises Destroys Socialism, Again and Again by Jonathan Newman
- How Back-to-School Shopping Is like American Politics by Gary Galles
- 45 Years Without Gold by Daniel Fernández Méndez
- The Blessing of Cash by Joseph T. Salerno
- Dear Gary Johnson, There Is No “Free-Market” Carbon Tax by Tho Bishop
- Spreadsheets Can Not Replace the Market Process by Nicolás Cachanosky
- Not Every Bad Policy is Socialist by Matthew McCaffrey
- The Bank of England Turns to More Easy Money by George Pickering
