Why did so many people turn their backs on the Western ideal of democratic, limited government and a market economy based on private ownership of the means of production?

Interventions inevitably generate imbalances in the market that will force the government to either repeal the existing interventions or extend them in the futile attempt to use new interventions to compensate for the distortions its prior interventions have created, until finally the market has been supplanted by the command economy through a process of incremental expansion of the regulations and controls.

Karl Marx’s stubborn political staying power also requires that we grapple with his theory in an intelligent fashion and that we engage him seriously even if we judge his conclusions wanting.

Mises’s brilliant treatise continues to be read and taken seriously as a cornerstone for understanding the nature of the free society and the workings of the market economy.

From the Audible website: “Black history and American history are forever intertwined. Limiting any celebration of Black history to a single month on the calendar does a disservice to the Black men and women who were (and are) integral to making...