On Money
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Human cooperation means that everybody tries to contribute to the improvement of human conditions. It is in the market that I give something in order that you give something. Exchange leads to higher standards of living. Voluntary exchanges create civilization.
More Episodes
Mises explains why socialism always fails due to the absence of a free market pricing structure for capital goods.
Published 01/24/72
Published 01/24/72
Mises explained why socialism always fails due to the absence of a free market pricing structure for capital goods. Presented in 1971, Ron Paul alludes to this speech in his book End the Fed.
Published 01/24/72