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De Omnibus Dubitandum - Lux Veritas

Friday, October 4, 2019

The Economics of Ludwig von Mises — Inconvenient Truths

Monty Perelin

Ludwig von Mises was the acknowledged father of the Austrian School of Economics. The economics of Ludwig von Mises is and has been unpopular for years His approach has a long tradition, but it is entirely unpopular to Socialists, Macro-economists, Mathematical Economists and anyone who works for government or believes government has any role in the economy other than that of a legal framework.

No one believes that the Leviathan we know as government cannot influence economic outcomes. The economics of Ludwig von Mises allowed that government could influence the economy, perhaps even positively in the short-term, but that intervention always made matters worse in the long run.
The following video introduces some of the simple ways that Mises (and earlier economists) differed from what people assume to be proper economics today:........To Read More.....

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