Mises Was Right - Leftists Were Wrong!

Mises explained analytically why the socialist system is irrational: no capital markets. No one knows what anything should cost. He said that the systems would either violate the commitment to total planning or else fail totally. He has never been forgiven for this breach of etiquette. He was right, and the intellectuals were wrong. The socialist commonwealths have collapsed, except for North Korea and Cuba. Worse, he was right in terms of simple market theory that any intelligent person can understand. That article is a testimony to the West's intellectuals: "There are none so blind as those who refuse to see." Gary North.