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Discussion Starter #1
"... In 1919, shortly after the Soviet
Union was formed, Ludwig von Mises presented an article to a professional
meeting making the claim that centrally planned economies were doomed
to failure. Mises followed up on this idea in later works and continued to
defend his claim until his death in 1973. Hayek conspicuously joined
Mises's side of the debate, but most other economists weighed in on the
other side, creating what was referred to as the socialist calculation debate.
The consensus of the economics profession was that Mises was wrong, and
that not only was central planning viable, it was superior to the market as a
method of allocating economic resources. Mises, the preeminent spokes-
man for the Austrian School, was so closely identified with his stance in the
socialist calculation debate that it cast a shadow on all of Austrian econom-
ics. By 1950, any economist expressing allegiance to the Austrian School was
implicitly taking what was generally viewed as the losing side on the de-
bate. Few academic economists were willing to do so."

From 15 Great Austrian Economists by Randall G. Holcombe
 
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First, you have to wonder about a man who probably worked long and hard researching and then writing a book about Fifteen Great Austrian Economists.

Next, you have to wonder about the one man in the world who read it.

Just sayin'...
 

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A side from the probably boring read, history obviously has proved him right. The world economy is failing being led by the Europeans with their centrally planned economy. If the liberals have their way, we will follow them to the bottom of he rabbit hole.
 
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Discussion Starter #5
Geez, guys...
The rise of Keynsian economics parallels and feeds the progressives. It behooves all of us to learn about, and treasure, their enemies.

(Dja get the pun??? :D)
 
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