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The pleaders for statism insist that while all-powerful government might be inherently bad under a despot or dictator, it can be a perfectly wholesome thing under democratic auspices with the principle of majority rule, writes Robert Montgomery.
This audio Mises Daily is narrated by Floy Lilley.
Nicholas Biddle was the president of the American central bank that preceded the Fed. When his bureaucratic cradle was rocked, he quickly morphed into a Machiavellian monster, writes Dan Sanchez.
This audio Mises Daily is narrated by Floy Lilley.
If the government reduces both taxes and spending, it will leave more money in private hands. This money then can, and will, employ more people at higher real wages to make more of what people want most writes Percy L. Greaves, Jr. (1906–1984).
This audio Mises Daily is narrated by Floy Lilley.
The "miracle" of Germany's revival was not the result of a conscious rejection of socialism, but was rather an accident of political and social conditions. Germans meant by freedom the freedom to impose their own controls, writes Hans F. Sennholz (1922–2007).
This audio Mises Daily is narrated by Floy Lilley.
Our ancestors relied on themselves; we rely on the welfare state. But the "safety net" that governments have stretched beneath us seems more and more to be a spider's web, writes Robert Higgs.
This audio Mises Daily is narrated by Floy Lilley.
Plato was the first of the "planners" and the true founder of socialism. In his Republic the Athenian philosopher set out a blueprint for the evolution of what has come to be called the "Welfare State", writes S. Harcourt-Rivington.
This audio Mises Daily is narrated by Floy Lilley.
It has in common with the classics all those qualities of clear thinking, objective presentation and lucid exposition which distinguish the wise philosopher from the merely intellectual pamphleteer, writes Cecil Palmer.
This audio Mises Daily is narrated by Floy Lilley.
Obama's stimulus plan is equivalent to a giant welfare scheme. Instead of the money going to lower income Americans, however, it is meant to go to municipal bureaucrats of various stripes. Instead of productive American citizens determining what to do with their own scarce resources, the state is stepping in and dictating how they will be used. Consequently, such spending is essentially government consumption, which is what vulgar Keynesians think we need now more than ever, writes Sharn Ritenour.
This audio Mises Daily is narrated by Floy Lilley.
The Fed is a racket at heart, a con game writ large — what else can you call an organization with the exclusive privilege of printing money in the trillions and handing it over to friends? But if this is true, what does that say about the state, the organization that created and sanctions it? Is the Fed an honest mistake in the state's otherwise undying efforts to preserve our liberty, or might it be a key component of a bigger racket, writes George F. Smith.
This audio Mises Daily is narrated by Floy Lilley.
People are being told by governments, central bankers, and leading mainstream economists that money-base expansion is not inflationary — because the money would remain in the portfolios of banks and would not spill over into the hands of firms and private households. This is, to put it mildly, an uninformed view. Let us start right from the beginning, writes Thorsten Polleit.
This audio Mises Daily is narrated by Floy Lilley.
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