[Title Page and Publication Details]: Title page and publication information for the 1945 addresses delivered by Ludwig von Mises and Rufus S. Tucker regarding economic planning. [Planning For Freedom by Ludwig von Mises]: Mises argues that 'planning' is essentially a synonym for socialism or interventionism, both of which disrupt the market's steering mechanism. He contends that the only way to raise living standards is through capital accumulation and labor productivity, rather than government spending or union pressure. He critiques Keynesian policies and credit expansion, asserting that interventionist measures inevitably lead to results more undesirable than the conditions they sought to fix, ultimately leaving no middle ground between the market economy and totalitarianism. [The Return to "Enlightened Despotism" by Rufus S. Tucker]: Tucker examines the historical parallels between modern economic planning and 18th-century mercantilism, arguing that both lead to a loss of individual liberty and economic failure. He critiques the Federal Reserve's role in the 1929 crash and the subsequent New Deal policies, suggesting that government attempts to manage the business cycle through credit expansion and price controls only prolong depressions. He concludes that the current 'tendency' toward planning is a return to the 'enlightened despotism' of the past, which must be rejected in favor of individual liberty.
Title page and publication information for the 1945 addresses delivered by Ludwig von Mises and Rufus S. Tucker regarding economic planning.
Read full textMises argues that 'planning' is essentially a synonym for socialism or interventionism, both of which disrupt the market's steering mechanism. He contends that the only way to raise living standards is through capital accumulation and labor productivity, rather than government spending or union pressure. He critiques Keynesian policies and credit expansion, asserting that interventionist measures inevitably lead to results more undesirable than the conditions they sought to fix, ultimately leaving no middle ground between the market economy and totalitarianism.
Read full textTucker examines the historical parallels between modern economic planning and 18th-century mercantilism, arguing that both lead to a loss of individual liberty and economic failure. He critiques the Federal Reserve's role in the 1929 crash and the subsequent New Deal policies, suggesting that government attempts to manage the business cycle through credit expansion and price controls only prolong depressions. He concludes that the current 'tendency' toward planning is a return to the 'enlightened despotism' of the past, which must be rejected in favor of individual liberty.
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