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Wednesday, July 29, 2009

Interventionism: An Economic Analysis


In this work, Mises criticizes government interference in the market: regulations, wage and price controls, tariffs, special privileges, and subsidies for some at the expense of others. He points out that although enacted with the best of intentions, such government interventions lead to conditions that even their advocates consider worse than those they were trying to alleviate in the first place. In addition, he explains how interventionism eventually gives way to socialism. Although Mises has made these arguments elsewhere, in this volume he does so especially clearly, concisely, and thoroughly.

 

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  • David Veksler is the former Director of Technology at the Foundation for Economic Education and CTO of Royalty Exchange.