03.01.2004 - By
Mises was well-versed in history, but many economists are not. History must be understood and revised. Wilson distorted the truth about how America entered WWI. The propaganda was not to be questioned. Wrong lessons are taught. The 1929 depression was displayed as proof that the free market had failed. The Treaty of Versailles continued WWI. That treaty should have been peacefully revised. Understanding history will create your political views. Wartime propaganda becomes history.