So Chris Dodd is blaming Obama for AIG’s bonuses? Mmm… sounds [to me] like trouble’s a brewin’ on Capital Hill these days. Anyway, instead of interrupting next weeks American Idol with "idol" chatter (again), I propose that our President, as well as everyone on Capital Hill, watch the following clip about economist Ludwig von Mises. There are lessons to be learned, Mr. President… honest. Oh, and make sure to take notes, afterall, this is our country you’re destroying.
A little history:
What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big government until the day he died ... in 25 books, hundreds of articles, and more than 60 years of teaching.
Mises's battles against Communists, Nazis, and other socialists, are featured in this film, as are his ideas of Liberty. There is also the old Vienna he loved, the Bolshevik prime minister he dissuaded from Communism, and a cast of villains from Lenin to Hitler, as well as such supporters and students as Murray Rothbard, Ron Paul, Bettina Greaves, M. Stanton Evans, Mary Peterson, Joseph Sobran, and Yuri Maltsev.
Among his many accomplishments, Mises showed that socialism had to fail, that central banking causes recessions and depressions, that the gold standard is honest money, and that only laissez-faire capitalism is fully compatible with Western civilization.
Mises was the twentieth century's foremost economist, and one of its most important champions of Liberty. Here is a film that does justice to this extraordinary man, and to his equally extraordinary ideas.
The following video, Liberty and Economics, courtesy of You Tube.