Quote of the Day — Ludwig von Mises
February 3, 2020
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop. — Ludwig von Mises
1881–1973
View All Quotes by Ludwig von Mises →Ludwig von Mises
1881–1973
Ludwig von Mises (1881-1973) stands as one of the twentieth century’s greatest economic theorists and a towering intellectual figure in the development of free-market economics. The Austrian economist developed a comprehensive economic system grounded in subjective value theory and individual human action, challenging socialist economic theory and central planning with rigorous logical argument. His major works, including “Human Action,” presented a complete defense of capitalism and market processes from first principles. Mises demonstrated that socialist economic calculation was mathematically impossible without market prices, thereby establishing that central planning must inevitably fail to efficiently allocate resources. Mises championed individual liberty and…
View All Quotes by Ludwig von Mises →From the Show
Austrian economist Ludwig von Mises’ warning about the indivisibility of freedom set the tone for the February 3, 2020 broadcast, where Tim Neville reviewed multiple bills under consideration in the Colorado legislature including lobbying rules and vaccine disclosure requirements, and Jay Davidson explained how community banking serves small businesses and argued that fiscal policy is more effective than Federal Reserve monetary policy for economic growth.
From the Same Day
February 3, 2020
Word of the Day
Indivisibility
The quality or state of being impossible to divide or separate; the characteristic of something that cannot be broken into…
Explore Word →Today’s Episode
Lobbying Rules Threaten Citizen Speech While Banking Regulations Strangle Small Business
Tim Neville and Jay Davidson discuss Colorado legislation and fiscal vs monetary policy on February 3, 2020.
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