ARTICLE

Economic Freedom and Interventionism

DECEMBER 01, 2008

Filed Under : Liberty

This outstanding collection rescues 47 of Mises’s vintage essays from previous obscurity. They range from his wise observations on the economic foundation of liberty, Marxism, and welfare statism, to thoughts on inflation, unemployment, business forecasting, and economic education.

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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