Thu, 6 February 2020
This episode builds on the discussion in episode 1584 about the primary, and devastating, argument against socialism, namely the one developed by Ludwig von Mises that involves the impossibility of economic calculation under socialism. Today I explain why this is the most fundamental argument against socialism, trumping even the problem of dispersed knowledge emphasized by F.A. Hayek.
Direct download: woods_2020_02_06.mp3
Category:general -- posted at: 7:41pm EDT