Each economic problem produces larger government. Lip service is
given to free markets and free men, but we left that ideology a
long time ago. While we still pretend to be a free-market
economy, we are not in the sense that virtually nothing can be
done without permission of the government and its regulatory
apparatus. Our economy has been smothered and cannot recover. We
are little different from the old Soviet Union in the sense that
we pretend that things are getting better. Our government
statistics and measurements are manipulated just as they were in
Russia. Power and attempts to maintain it are the same the world
over. Nicholas Snow has some interesting commentary on the
Soviet Union. Are we going through the same thing today with
“pretend capitalism?” by Nicholas Snow The consensus of
economists today is that socialism generally doesn’t work.
Ludwig von Mises and F.A. Hayekare seen as the victors of the
socialist calculation debate, which took place in the first half
of the twentieth century. For the