The fall of the Soviet Union should have spelled the
demise of central planning, yet the socialist mentality thrives — albeit in a
diluted form — in all governments in the so-called “free world.” No one
explained the failures of pure socialism and of (the more moderate)
interventionism better than Ludwig von Mises. Whether we want to understand why
people are starving in North Korea, why minimum wage laws lead to teen
unemployment, or what caused the boom and then crash in the U.S. housing
market, the answer is in the Austrian School of economics. As the Obamacare
disaster unfolds before our very eyes, it is critical for the average person —
both adults and young people alike — to understand how economic science makes
sense of these heartbreaking outcomes, and shows the way to solve them……To Read More….
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