Ep. 1583 Mises' Smash of Socialism, 100 Years Later

The Tom Woods Show

Tom Woods

Politics, Government, News

4.8 • 3.4K Ratings

🗓️ 4 February 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 1920 Ludwig von Mises published "Economic Calculation in the Socialist Commonwealth," an article that demolished the foundations of socialism in its original, no-private-property-in-the-means-of-production form. In this episode I explain Mises' thesis, and then show how the problems he identified in classical socialism persist to some extent under any state of any kind.

Transcript

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0:00.0	The Tom Wood Show, Episode 1583.
0:03.4	Prepare to set fire to the index card of allowable opinion.
0:07.9	Your daily dose of liberty education starts here.
0:11.5	The Tom Wood Show.
0:13.4	Folks, if you're like me when you criticize the Federal Reserve,
0:17.0	you get all these lackey-style responses.
0:20.1	Why the Fed has made the economy more stable?
0:22.6	You don't want to go back to the 19th century, do you?
0:25.4	All kinds of arguments like that.
0:27.0	Well, you can blow those and others out of the water
0:30.0	with my free ebook, Our Enemy, the Fed.
0:33.0	Grab it at ouranemythefed.com.
0:36.7	Hey, everybody, Tom Woods here.
0:38.4	It's pretty darn late at night.
0:40.4	On February 3, 2020, the night of the Iowa caucuses,
0:45.0	and we do not know who the Democratic Victor is.
0:48.2	Obviously, Trump was victorious on the Republican side.
0:51.0	We don't know who the Democratic Victor is
0:53.2	because of some kind of weird technical problems
0:56.5	with the voting.
0:58.0	So I can't comment on that.
0:59.4	I need to get the episodes recorded
	...

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