US Economy: Turned Left, Road Straight To Socialism – Analysis
The great Ludwig von Mises once said: “In essence, economic history is a record of failed government regulation because of an arrogant disregard for the laws of economic science.”
The current state of the economy is a consequence of the dirigist economic policies of all the governments of the last two decades, from Bush Jr. through the Biden administration. The current tossing and turning of the government between two threats they themselves have created – inflation and recession – is a clear confirmation of the indisputable correctness of von Mises’s assertion.