Communism

This is too important to me, not to make a special note of. From Economic Policy Journal:   Audio of the Mises Lecture That Inspired Ron Paul Danny Sanchez of the Mises Institute emails me and points to this great news: In End the Fed, Ron Paul writes: Early on, I had heard Ludwig von Mises lecture at the University of Houston.  This was probably in 1972, a year before his death.  At that time I was extremely busy with my medical practice but saw a very small newspaper notice that...Read Full Story

[The Anti-Capitalistic Mentality (1956)]From the very beginnings of the socialist movement and the endeavors to revive the interventionist policies of the precapitalistic ages, both socialism and interventionism were utterly discredited in the eyes of those conversant with economic theory. But the ideas of the revolutionaries and reformers found approval with the immense majority of ignorant people exclusively driven by the most powerful human passions of envy and hatred.The social philosophy...Read Full Story

Ludwig Heinrich Edler von Mises was an Austrian economist, philosopher, author and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School.Economist and political theorist F. A. Hayek first came to know Mises while working as Mises' subordinate at a government office dealing with Austria's post-World War I debt.Hayek wrote:there I came to know him mainly as a tremendously efficient executive, the kind of man who, as was said of...Read Full Story

Conservatives like to suggest that communism, socialism and liberalism are the same thing. According to Wikipedia: Communism is a sociopolitical structure that aims for a classless and stateless society with the communal ownership of property.Socialism is an economic and political theory based on public or common ownership and cooperative management of the means of production and allocation of resources. Liberalism (from the Latin liberalis, "of freedom" is the belief in the importance of...Read Full Story

AUSTRIAN ECONOMICSMises made, in my opinion, the single greatest economic breakthrough of the 20th century. He proved, with irrefutable logic, why socialism is inherently unviable, due to the impossibility of meaningful economic calculation in the absence of market-based prices. -- Mark Hendrickson, EconomistFrom Eric Dondero:Another silly romantic comedy from Blockbuster this weekend, or a free market Economics text? Which will leave you feeling cheap, and which will leave you intellectually...Read Full Story

« If you say in your heart “Even though I am only a piece of dirt, still the Lord cares for me. Let the will of God be accomplished in me”,  you rely upon the Lord with the firm intention to submit without complaint to the will of God, whatever it might be -the clouds will part before you, the sun will emerge and shine upon you and warm you and you will know the true joy of the Lord.» Anatoly the Younger, Elder of Optina « Dacă vei spune în inima ta  ”Cu toate că sunt doar o bucăţică de...Read Full Story

[EN] For those with a delicate stomach, its not worth trying to eat the whole crispy coating of the fish fillet, as it may sometimes be too oily. To avoid repeated belching, and any unease along the esophagus, maybe it's better to leave aside about a third of the delicious crust. [RO] Cei cu un stomac delicat nu merită să încerce a mânca tot învelişul crocant al fileului de peşte, căci uneori este prea uleios. Pentru a evita râgâieli repetate şi orice disconfort de-a lungul esofagului, poate...Read Full Story

[EN] For glimpses of how the British are in their personal space, anyone needs a few rides in a double decker bus. Hop on such a bus to practice yourself the typically British patience to queue, to see how the Brits look and smell, if they are polite or not, what they’re talking about, what they’ve just bought, what they eat or even where they’re going out in the evening. [RO] Pentru imagini fugare despre cum sunt britanicii în spaţiul lor personal, oricine are nevoie de câteva călătorii într...Read Full Story

[EN] As promised, here I am starting the series about things which no one should bother to try in the UK. And I couldn’t start otherwise than with one of the strongest DO NOT TRY recommandations that I can make. [RO] Cum am promis, iată că încep serialul despre lucruri pe care nimeni nu ar trebui să se obosească să le încerce în UK. Şi nu puteam să încep altfel decât cu una dintre cele mai puternice recomandări NU ÎNCERCAŢI pe care pot să le fac.[EN] What can be seen in the picture is raw...Read Full Story

About Socialism and Socialists Mises Daily: Friday, December 31, 2010 by Frank Chodorov “Since the individual does not wish to be “elevated,” and lays claim to something called rights, the socialist undertakes to prove that the individual does not exist…” [This article is excerpted from chapter 8 of Out of Step (1962). An MP3 audio file of this article, read by Ted Whelan, is available for download.] I was a shaver of 10 or 12 when, on doing errands for my father, I ran into Grand...Read Full Story