Jun 17 2009

Middle-of-the-Road Policy Leads to Socialism

by Mike Phenow

Middle-of-the-Road Policy Leads to Socialism, by Ludwig von Mises (audio version here)

I stumbled across this gem recently, which does a great job of explaining just what it says–that moderate, middle-of-the-road policy is unsustainable and just leads steadily towards socialism. There is no “improvement” that can be applied to a free market economy that does not fail and require further “improvements” ad infinitum, until you arrive at all-out socialism.

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