Ludwig von Mises - Liberalism

About this Episode

Von Mises argues that the created wealth of our time can be traced back to classical liberal/capitalist institutions. Even writing in 1927, he noted how the standard of living had risen far above that which just a few generations ago was possible only to the rich and privileged. He evaluates the collectivist ideologies of the Right and Left and finds them inferior to private ownership of property and a free market.